About Tjx Assignment

1. List and describe the security controls in place inside TJX Companies. Ans When security upgrades are do available, its because theyre necessary, not because software developers learn thought up some great forward-looking software gimmick. Hackers are able to bypass the old systems too easily, so transgress security is needed to keep the hackers out. TJX ignored the need for better e-security, and even neglected to install one particular upgrade they had purchased. 2. What precaution, organization, and applied science factors contributed to these weaknesses?Ans Management While one may not hold of it as a weakness, the managements reluctance to report the stolen laptop computer computer and the contents of the hard drive contributed to the difficulty in finding the laptop before the data was compromised. Organizations VA operations should have limited the data kindly to the employees to only the data needed in order to effectively do this job. Lack of promoting the sensi tivity of the data led to a careless carriage regarding the protection of the data.Technological At a minimum the data should have been encrypted and password saved. As a practical measure, the laptop should have been protected at the BIOS level if that sensitivity of data was contained. 3. What was the business impact of TJXs data loss on TJX, consumers, and banks? Ans TJX faces consumer and bank class carry through lawsuits over the exposure of as many as 100m customer records as the declaration of a security breach that lasted for two distinct six-month periods in the midst of 2003 and December 2006.Hackers broke into a system that stored data on identification card, debit card, cheque, and return details in an attack blamed on a poorly secured wireless network in one of its stores. posterior credit card frauds have been traced to data swiped as a result of these breaches, and a number of arrests have been made. 4. How effectively did TJX deal with these problems? Ans non well enough. The $40. 9 million fund for the banks wont roughly cover he banks losses, and I see too little selective information in the report about what exactly TJX is doing to prevent this from happening again. I see gold being thrown at the problem, but management doesnt seem to have a clear picture of a real solution. 5. Who should be held liable for the losses caused by the use of double-dealing credit cards in this case? TJX? The banks issuing the credit cards? The consumers? Justify you answer. Ans Obviously TJX is trusty their negligent behavior that made them vulnerable to the attacks.The banks and consumers cant be held responsible especially the consumers If consumers were held responsible for attacks like this, wed do away with credit cards, keep our money under our mattresses, and go back to making our own clothes and forage and entertaining ourselves by telling each other stories as mass did centuries ago Then where would the banks and credit card companies be? Thats in all probability extreme, but so is expecting a shopper to pay for a huge sesss negligence and a hackers crime.