The Security Violations At Tjx - 1101 Words

TJX was one of the biggest retail chains present almost all over the world but was equally vulnerable to the security breaches. Due to its massive popularity, a security concern at TJX would affect the masses and could possibly lead to a financial downturn in company’s figures. The main concern haunting the stakeholders of TJX was the massive security breach in its information technology infrastructure caused by the weak encryption techniques that they followed which ultimately resulted in gain of access to sensitive customer data by the unauthorized users. A continued trend of this sort will make the customers apprehensive in using their services in the long run.Though the company claimed to have a robust IT system in place, the continuous intrusion attacks by various hackers suggested otherwise. With the increase in popularity of the various CRM softwares, the companies acquired a lot of customer data which helped them during preparation of their marketing strategies. The downside of such an evolvement in the technology is the scare of hackers intruding in a company’s system and extracting all the information stored there to be used for their benefit. Due to this, a presence of a strong firewall is necessary and in the case of TJX this was probably missing. The firewall prevents the unauthorized users from accessing the customer centric data and making use of it for the wrong reasons. TJX used an encryption system which was inefficient in masking their customerShow MoreRelatedBreach X Essay935 Words   |  4 Pages What practices led to the security breach in TJX and why did such a smart andprofitable organization as TJX face such a situation? †¢ Was TJX a victim of ingenious cyber crooks or did it create risk by cutting corners? Background a. Describe the company/department History 1. TJX was the largest apparel and home fashion retailer in United States in the off-price segment and is ranked 138th in fortune 500 companies in 2006. 2. TJX sold brand apparels at pricesRead MoreCase Analysis : Tjx Corporation1446 Words   |  6 PagesQ1) Prepare an introduction for the case analysis report. TJX operated in the off-price market segment and was one of the largest garments and home fashion retailer in the United States. It operated eight independent businesses which were throughout United States, Canada, Puerto Rico and Europe. TJX operated in the Niche market of retailers which occupied the market ignored by departmental and speciality stores. TJX would get its merchandise directly from the manufacturer at wholesale rate throughoutRead MoreA Brief Note On Companies And The Largest Ever Consumer Data Breach1712 Words   |  7 PagesCase Study #2: Maxxed Out: TJX Companies and the Largest-Ever Consumer Data Breach There are five components to the operations security process that companies use to analyze. 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