Unformatted text preview: 5. Who should be held liable for the losses caused by the use of fraudulent credit cards in this case? TJX? The banks issuing the credit cards? The consumers? Justify you answer. Obviously TJX is responsible – their negligent behavior that made them vulnerable to the attacks. The banks and consumers can’t be held responsible – especially the consumers! If consumers were held responsible for attacks like this, we’d do away with credit cards, keep our money under our mattresses, and go back to making our own clothes and food and entertaining ourselves by telling each other stories as people did centuries ago! Then where would the banks and credit card companies be? That’s probably extreme, but so is expecting a shopper to pay for a huge corporation’s negligence and a hacker’s crime....
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- Spring '11
- Payment, Credit card, TJX, TJX Companies