Biscom Delivery Server

TJX finally settles suits in 41 states for $9.75 million for the huge data breach that exposed up to 94 million accounts. Makes Ben Franklin’s saying “an ounce of prevention is worth a pound of cure” really resonate.

“This settlement ensures that companies cannot write off risk of a data breach as a cost of doing business,” Massachusetts Attorney General Martha Coakley. If you look at the risk reward ratio, it’s pretty skewed. It’s good emprical evidence that investing in security policies and tools is definitely worthwhile.