Should companies spend to avoid breaches??
September 21st, 2009
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I was shocked by the blog posted September 4 by Robert Westervelt of search security.com and re-forwarded today to subscribers of “SecurityBytes Roundup” concerning the aftermath of the TJX credit card breach. As readers of this blog will no doubt recall TJX experienced a breach in early 2007 that exposed over 45 million credit cards and the company has been busy cleaning up after the mess ever since then. Now, 2 1/2 years later, after a 42% decline in stock price (in 2008), Westervelt sees TJX financial performance as an indicator that spending for advanced information security tools is apparently unjustified. Read more…