The bigger the retailer name, brand, or product, the more likely you are to be remembered from some type of data theft or fraud. TJMaxx has been selected as the #4 Business Debacle of 2007 by the Consumerist.

The issue highlighted how retailers have been quick to adopt the convenience of wireless information systems without taking the security measures to make sure they weren’t also conveniencing potential thieves. Who would have thought you could conduct the world’s greatest bank robbery without a note, gun, or even leaving the parking lot?

We’ve written about how long it took the TJMaxx/the banks to notify their customers of the credit card thefts.

Here’s the thing, something like this happens, then the retailer/bank gives the affected new cards/some chump-change then promises better security measures. People (who even care) feel a little better then make their way to the store the next time there is a sale.

Wonder how and if the cycle will be broken in 2008…not likely it seems.

This entry was posted on Monday, December 31st, 2007 at 7:59 am by Anil Polat and is filed under data theft. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.