April 25, 2007 12:44 PM PDT
Banks file data breach suit against TJX
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The Massachusetts Bankers Association, a trade group, announced that it is filing a class action lawsuit against retailer TJX over a data breach that put more than 45 million credit and debit cards holders at risk of having their financial information accessed.
The bankers association, along with the Connecticut Bankers Association and Maine Association of Community Banks, filed the lawsuit in the U.S. District Court in Boston. The three banking associations represent almost 300 banks and are seeking to recover "tens of millions of dollars" in damages, according to the filing. Last month, TJX announced it discovered a data breach of its customers' records that spanned a two-year period.
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