In a statement released March 27, 2008, The Federal Trade Commission agreed to settle charges against TJX Companies Inc. alleging that a number of TJX's security practices violated provisions of the FTC Act of 1914, and failed to employ reasonable and appropriate security measures to protect sensitive consumer information on its networks.
The complaint, issued jointly with the settlement agreement and approved by the FTC on a provisional basis, stated that TJX engaged in a number of unfair practices since July 2005, including:
The FTC unanimously voted to accept the proposed agreement. In the consent order, the agreement between the FTC and TJX states:
"By now, the message should be clear: Companies that collect sensitive consumer information have a responsibility to keep it secure," FTC Chairman Deborah Platt Majoras said. "Information security is a priority for the FTC, as it should be for every business in America." TJX owns more than 2,400 retail stores, including T.J. Maxx, Marshalls, A.J. Wright, Bob's Stores and HomeGoods stores in the United States; Winners and HomeSense in Canada; and T.K. Maxx stores in the U.K., Ireland and Germany.
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