The TJX company Essay Example for Free

The TJX company EssayThe company used Wired tantamount(predicate) Privacy encryption form to handle their clients credit and debit card information. This strategy was very easy for any hacker to gain access to peoples information. It was completely step up of date and did not encrypt anything within the company, which made it more vulnerable. They did not install firewall security correctly. TJX had purchased umteen other security programs that were not tight-lacedly installed.They kept customers information in their system longer than what is required by law. TJX could have switched to WiFi Protected Access (WPA) to encrypt their clients personal data information, but failed to do so. This system is much more sophisticated that the previous system and it encrypted everyones information, because it was more complex. Firewalls should have been installed correctly because it could have been prevented and would have saved the company the embarrassment of cognize that their system was not safe.This data should have been protected when transferring information over a wireless connection. The bank line effect of TJXs data exhalation will cost them significantly. Because of their incompetence of not installing the proper software needed to ensure customers information, this will cost them $202 million to deal with the theft and the lawsuits brought on. They agreed to strengthen their system security and agreed to have third-party auditors to check their security features every 2 years, for the next 20 years.There was research conducted by a company called Forrester Research, which estimated that their business would cost them $1 billion for the next five years. This finding was based on the cost of additional marketing, security upgrades, consultants, and attorney fees. The moral dimension that may be applied is the fact that they need to ensure that the customers information is secure and encrypted. The next thing for the company is to take full resp onsibility for the data loss when they could have taken the simple measures of doing so.