Shoppers warned on card fraud

Fri Mar 30, 2007 10:05am BST
 
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LONDON (Reuters) - Customers of the T.K. Maxx discount chain were warned on Friday to check their credit card statements after millions of card details were stolen from the store's American owner.

In one of the world's largest such thefts, U.S. retail group TJX said that information from about 45.7 million credit and debit cards was stolen in a computer data security breach over an 18-month period.

The firm said personal information -- including names, addresses and personal ID numbers -- of about 451,000 people who returned merchandise without a receipt was stolen, adding to 3,600 it had previously identified.

The company operates T.K. Maxx in Britain and Ireland, as well as T.J. Maxx and Marshall's chains in North America.

In a message on its Web site, it said credit and debit card customers in Britain should check their statements for any unauthorised transactions.

The company gave the details of the data theft in a regulatory filing to the U.S. Securities and Exchange Commission late on Wednesday, more than two months after first disclosing that its computer system had been compromised by hackers.

Data from about 75 percent of cards had either expired or had masked data, meaning that the card numbers were not readable, the company said in the filing.

It said it did not believe PIN numbers were stolen, as they were not stored on its British computer in Watford and encrypted on its American system in Framlington, Massachusetts.

The company said it believes its computer system was accessed by an unauthorised user in July 2005, then on subsequent dates in 2005 and from mid-May 2006 to mid-January 2007.  Continued...

 
Former Bear Stearns hedge-fund manager Matthew Tannin smiles after being acquitted of fraud charges at U.S. District Court in Brooklyn, November 10, 2009.   REUTERS/Shannon Stapleton
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