BROCKTON, Mass. — In what might seem a quixotic gesture of optimism, the $1.4 billion HarborOne Credit Union has not turned first to lawyers or to litigation to recover money it said it lost in a recent card security breach. It has sent the retailer that caused the breach a bill–for $590,000.
The credit union said the losses stem from the card data breach suffered by TJX, the parent company of several well-known retail brands, including TJ Maxx. The losses included in the April 30 invoice cover $90,000 the credit union said it spent to close and replace 9,000 debit card accounts and $500,000 of what it said the breach cost it in reputation cost for the debit cards.
So far, TJX has not said anything about the bill and has not contacted the credit union in any way, a development that HarborOne CEO James Blake said did not particularly surprise him.
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