TJX Provides More Information On Data Breach

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, commented, "Let me begin by telling our customers personally how much I regret any problems or inconvenience they may have experienced as a result of the unauthorized intrusion into our computer system. Our investigation is ongoing, and we are providing an update today on new developments. We are dedicating substantial resources to investigating and evaluating the intrusion which, given the nature of the breach, the size and international scope of our operations, and the complexity of the way credit card transactions are processed, is, by necessity, taking time. We have a very large team of people working on the investigation. For example, the leading computer security experts working with us have over 50 experts committed to this project. Additionally, with their help, we have strengthened the security of our computer systems. Based on everything we have done, I believe customers should feel safe shopping in our stores. We value our customers' trust and I want our customers to know that I am deeply committed to continuing to address the security of our computer systems, and that TJX will provide periodic updates as we learn more."