TJX (NYSE: TJX) has paid $40.9 million in restitution to Visa Inc. to settle all claims related to the data breach that compromised nearly 46 million credit cards. Visa Inc. has also recently settled fines against Fifth Third Bancorp (NASDAQ: FITB) - (See: http://blog.jaimechanaga.com/cso/2007/11/fifth-third-ban.html).
Retail merchants and financial institutions are waking up to the reality that they must work together to better protect the integrity, security, and privacy of their customers' financial information. Let's all hope as consumers that industry can achieve those lofty goals.
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Jaime G. Chanaga, CISSP, CISA is founder and CEO of The CSO Board, a management consulting firm dedicated to helping leaders and organizations solve critical strategic issues make lasting substantial improvements in their performance. He is also an Editorial Advisory Board Member for 
