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Unformatted text preview: The banks have been affected the most by the stolen data more so than the retailers, the credit card companies or TJX, and may have to pay up to $300 million to recover stolen credit cards in addition to covering fraudulent purchases. TJX is being sued for not protecting their customers information and estimates losses at $1 billion over 5 years. The customers have lost trust in TJX and those polled said they would never again shop at the effected retail stores. Which moral dimensions may be applied in this situation? How? I would say information rights and obligations, because TJX relied on their customers to keep patronizing their many retail chains, TJX had a moral obligation to their customers to keep their customers credit card, social security numbers, and all other information safe and secure from fraud and theft....
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This note was uploaded on 01/12/2012 for the course INTERNET T IT 205 taught by Professor Jaylatona during the Spring '10 term at University of Phoenix.
- Spring '10