Help

Submitted by: Submitted by

Views: 183

Words: 309

Pages: 2

Category: People

Date Submitted: 07/05/2013 12:51 PM

Report This Essay

     Answer the following questions in 200 to 300 words:

         List and describe the security controls in place. Where are the weaknesses?

TJX was still using the old Wired Equivalent Privacy (WEP) encryption system, inwhich is very easy to crack by hackers.   They also did not install data encryption or firewalls on alot of the computers that were using wireless networks, and did not correctly install another layer of security software it had purchased.  

         What tools and technologies could have been used to fix the weaknesses?

They could have switched to the more secure Wi-Fi Protected Access (WPA) standard with more complex encryption.   They also could have installed data encryption and firewall software on all the computers using a wireless network.

    What was the business effect of TJX’s data loss on TJX, consumers, and banks?

Banks that issue credit and debit cards so far borne the brunt of the TJX losses from fraudulent credit card charges rather the retailers who accepted the fraudulent cards, the credit card networks such as MasterCard and Visa, or TJX itself.   They may well have to spend at least 300 million to replace the stolen cards, as well as covering the fraudulent purchases.   Consumer groups and banks have filed lawsuits against TJX and its merchant banks for failing to protect account data.

Which moral dimensions may be applied in this situation? How?

TXJ should take responsibility for what they let happen.   If their systems were up to date and their kiosks were not as vulnerable as they were, none of this would have happened.   It seems that the banks and credit card companies are taking most of the hit from this situation.   They made enough money every year to make sure that their information was securely kept, and they need to pay those people back for them not keeping up with the times