The Wall Street Journal recently reported that as more details come out regarding the lately divulged security infringement at TJX Companies, legislators in Massachusetts are mulling over to bring about new laws that are expected to put the onus for paying for these violations on retailers and merchants, instead of banks and credit unions. Attorney General Martha Coakley, in Massachusetts, is looking forward to bring about major changes to the way wherein firms can collect, store and defend sensitive consumer data.
Melissa Sherman, Coakley’s press secretary,
[Coakley] is looking at a number of issues and working with the legislature to see what types of measures we can implement to better protect consumers.
However security and privacy specialists are in agreement that the latest laws, in themselves, will not put a stop to a repeat of the data violation faced by TJX, which goes on to boost up in scope. And that the hack of that retailer’s network is suggested to give a unnerving lesson to businesses that are weakening to effectively protect their sensitive info.
