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TJX Settles in Federal Suit

More than a year after millions of T.J. Maxx and Marshalls customers found out their credit card information had been hacked into, the discount retailer settles with the Federal Trade Commission.

The Framingham-based company agreed to have its information audited but avoided paying federal fines.

TJX was one of three firms that agreed to settle charges that each failed to provide reasonable and appropriate security.

Data broker Reed Elsevier and its Seisint subsidiary also avoided fines but have agreed to obtain third-party audits biennially for 20 years under a separate settlement with the FTC.

TJX said last March that at least 45.7 million cards were exposed to possible fraud in a breach of its computer systems.

This program aired on March 28, 2008. The audio for this program is not available.

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