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Best and Worst of Times: Card Security 2007

Card security took a page out of a Dickens novel this year, beginning with the infamous TJX breach but culminating in increased efforts to strengthen information security standards when it comes to plastics.

By David Morrison | Updated on December 18, 2007

ARLINGTON, Va. — Card security took a page out of a Dickens novel this year, beginning with the infamous TJX breach but culminating in increased efforts to strengthen information security standards when it comes to plastics.

The year started off on a bad note as the TJX Companies, the parent firm for TJ Maxx, Marshalls, and several other retail chains, announced in January that its computer systems had been intruded upon for more than a year. The biggest-ever security breach resulted in the compromise of millions of credit card numbers as well as other consumer information and wound up costing credit unions and its insurer CUNA Mutual Insurance Group million of dollars in losses.

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