we hear about the big cases , target last week, tj max. it seems that there is no change on the part of the retailers, the banks that back up the credit cards and consumers end up holding the bag. by that i mean consumers, it's on them to check their accounts. now we're seeing millions of consumers being forced on the limitations that they can take out of their own account, the amount of money that they can spend when shopping. we're very sorry that this happened. these are all the 20 things that you as a consumer have to do. consumers are fed up. they're tired of being at the raw end of the stick on this type of data breach that happens over and over again. i think we need a national solution. >> jason, you heard sally greenberg, you heard the attorney general, and it's true. when this first happened a lot of advice went out to consumers. maybe consumers were doing those things, what were the companies doing? what gets set off when there is a breach like this? >> i think its important to note that the system is designed to insulate consum

you remember tj max. we have seen these issues before and stores are going to have to take this seriously. we have a bit of news here in europe. s&p, the ratings agency have downgraded the eu's rating. it's been take on to aa plus. maybe it's not going to make much difference to what happens with money raising. the eu not a sovereign. a collection of 28 states, but it's a bit of a slap on the wrist. and the message here to europe, you need to continue on this reform program from s&p. so it won't stop individual states from raising cash, but it is just a reminder that europe needs to stay focused on this reform agenda, thomas. >> so one more thing. i don't know if we can get this in time for christmas. samsung is announcing an upgrade for tvs, correct? >> absolutely. i feel for those who may be getting a 30 or 40 or 65-inch tv this christmas. i suspect they are going to start feeling inadequate. the latest news, 105 inches is coming your way. lg and samsung are work on these products. there's no chance her

back in 2007 in that year. 90 million credit card accounts were hacked into a tj max.hat happen then the state attorney general did a multistate tack force and looked into the breach and got northerly 10 million out of tj max to go back to the state resident whose accounts were hacked. there is more than coming out of target. they want free credit card monitoring and free identity theft protection from target. and connecticut is asking for two years. and as of this hour, we don't know the nature of the hack, we know it was only in store and not in the internet website. and i got to tell you something. the fact that the a g's are now involved alisyn, you will so money coming out of target to the state resident if they do find that security fire walls were not strong. send it back to you. >> that makes sense they would have explaining to do. >> and two dozen u.s. senators half of them democrats are refusing to walk away from tougher safrpgzs on iran. it a pores they are four star general and former vice chief of staff of the army. >> and i tell you what, it is a full cou

that's the company behind tj max, marshalls and home goods. i got a dynamite tj max in the morning at the street. i love it. i got to build it. in an environment where retail has been kind of inconsistent with some really good and bad tjx stands out among the best. it understands the value oriented mindset. tjx sells brand name merchandise at bargain prices, a few hundred more in canada and europe. the company can do that because of its business model and terrific execution. other retailers need to offload their inventory. maybe they've too much inventory after holiday. tjx swoops in and buys stuff for cash. they turn around and sell that same merchandise to you. it works because the company knows the product the customers want and it has a top notch team in place. this means that tjx can procure the merchandise in a few weeks, whereas a normal retailer needs about six to nine months to get merchandise. they're not just buying an already finished product from the store. not only does tjx have a great concept, but it's also got a truly impressi

tj max suffered a breach twice the size of targets. bonds was hit last year. adding to all of this uneasy innocence is the fact that credit card fraud is more prevalent in the u.s. than any other place in the world. one analyst says it results in an increase in high-tech fraud. >> the magnetic stripe in the existing credit card based in the u.s. is old school. it's antiquated. the data is in plain text and can be easily compromised. >> this makes american shoppers vulnerable. according to nielsen, a company that packs payment systems. the u.s. accounts for 47% of global credit card fraud. the u.s. uses swipe technology, other countries adopted a sophisticated card technology. >> in europe and asia, canada, mexico, australia and other places they are using chip and pen, which is an advanced form of credit card that requires a chip, meaning it's a small little chip like a smart chip and requires a pin. it is not easily led and has more security and encryption. >> here is how it works. when you use a chip card the transaction information is scrambled. dozens of p

other attacking oen the parent of tj max stores. 94 million credit cards stolen 134 numbers stolen from heartland payment systems a year later. a worldwide identity fraud scheme. in which 160 credit card numbers were stolen. from companies like visa, j.c. penny, and jet blue. nearly 15 million americans are victims each year, and identity theft is growing. 15 to 20% every year, the crimes not only come at a cost to ordinary americans but to our economy as well. in 2012, the united states lost a total of $21 billion to identity theft. joining us to explain how they do their work, dan. who admits he is a former credit card thief himself. that is quite an admission, makes us wonder how does someone get to be a credit card thief? >> well, what would would do is kit be a progression. a lot of people get started in hacking computers are that's how i got my start. and then slow he progress through this process. >> how much money did you make? >> well, that's the golden question. but i never actually tracked it. on the order of hundreds of thousands. >> hundreds of thousands of dollars. how exa

i think if you look at history, tj max was a historical breach.t has a pretty well known program that they try to protect their information. so it shows no one is impervious to these attacks. we need to step up our game to try to protect the sensitive data. >>> can you tell us in a way that we would understand how this hack occurred? >> well, what the reports are saying, if you look at how these systems are set up. they're called point of sales systems. you scan your debit card in. it encrypts that data and it puts it into the processor. for what it looks like, hackers broke in and they targeted the point of sale systems and they loaded it in. up to 40 million credit cards were potentially compromised. that's a big payday. targeting all those sterls all at once to feed it back during the busiest times was really sophisticated and definitely plan and orchestrated and something we need to be concerned with later on. >> forgive me for my stupid question, is this something they did remotely or is this something they did on location in some way? >> wel

if you may remember to the tj max, the attackers were able to obtain access to the wireless network, nd systems, able to control the data. and fast-food stores and grocery chains that suffered a breach. it was malicious software crafted to target the point of sale systems at the retailers. so we've seen a trend of the cyber criminals adopting the malware that is targeting the point of sale systems. it's also available for sale, and some of the cases, actually targeted and crafted specifically for the individual attack. >> and the challenge really with these hackers, it's sort of a cat-and-mouse game, because when they figure out, okay, well, they're now catching on to us, they just continue to evolve with more sophisticated strategies. is that right? >> absolutely, pamela. what we see is as security controls improve, the attackers are adapting and they're evolving and getting better at their tactics, techniques, procedures. so it's a cat-and-mouse game. >> which is concerning. >> so what can we do? we go and we're not going to go back to cash. how can we protect our information? >> so

i tend to shop at tj max, marshalls, places where i can find the awesome stuff, the michael kors pursee nice tommy hilfiger stuff, all my bedding is all calvin klein and i love that about it. >> branded but at a discount. >> at a discount and that i can feel good about. >> do you do what is known as showrooming where you will go to a store, whether a best buy or a sachs, look, touch, feel, then buy on-line or do you really want the tactile experience of bringing it home and so forth? >> i have to be honest, i'm not much of an on-line shopper especially with clotheses. i feel like i have to try them on. i never buy clothes on-line. >> shoes? >> shoes, same thing. sizes are always different depending on what brand you're looking at and unl i have something really specific in mind, i won't really go do the on-line shopping. >> what about on-line shopping? is it taking off? she describes it, that she doesn't fit her very well. >> correct. the other thing about what you were saying with discount flash websites, retailers are combatting that. they realize they've lost momentum and offering a

a 2007 cyber attack on tj max cost that company $256 million. target is facing lawsuits too but one certain cost the banks are footing new card fees and wages for all the branch employees working overtime on this holiday week. >> to replace cards. >> replace cards. >> let me ask you, do you know whether -- if i have a chase card and get it replaced is that limit on my use then lifted? >> goes away altogether. the limit is on the previous card with the old account information because that's the one that's at risk. that's what these hackers have in their hands at this point and if you get a new card, they don't have any of that new information. >> thanks very much. kayla tausche reporting. michele, down to you. >> seems cyber criminals are getting more brazen so how do we protect our data and make consumers feel safe again? thoughts from jon herring co-founder and ceo of lookout the world leader in mobile security. and harry love is cto at bit nine, an end point and service security provider. thanks for joining us. harry, let me start with you. we

. >>> menendez says when a data breach occurred at tj max and marshals stores in 2006, the fcc was not able to fine the store's parent company as part of a settlement agreement. >>> it's 7:08. amtrak passengers may be forced to pick up the tab for meals and wine, now served for free on long distance trips. >> two white wine selections, two red wine selections. >> the practice of offering the freebies has earned a spot on senator tom corbin's waste book because amtrak is subsidized by tax dollars. the amtrak inspector general says the rail agency lost $72 million in food last year. >> we're $999 million in losses in a dozen years and unfortunately those losses continue to mount. >> amtrak says on the web site, food is included in a price in the ticket. the inspector general recommends that amtrak start charging for the food. >>> there could be more golden gate transit buses rolling through sonoma county. they tell the press democrat they're considering new or additional service to growth areas including windsor and east santa rosa. ridership on golden gate transit increased 3% every mon

retailer since 2005 when 90 million data at tj max was compromised. those impacted, customers paying for their purchases with credit and debit cards at target's 1,800 stores. online shoppers were not affected. the breach took place for 19 days. target is working with law enforcement officials, including the secret service and a third-party forensics firm to identify the thieves. while target didn't specify how the data was accessed. time rhine of krol said it could be malware where you swipe your cards. that data can be used to make fake card. what's on the card is the name, credit card number, expiration date. it can be used to create fake cards and this is called track data. on the black market, it is far more valuable than the data you might glean from an internet prn. this is all according to a cyber security analyst at the gartner group. they are advising patrons to monitor their accounts to make sure there is no suspicion activity. if there is, you should contact your financial institutions and those financial institutions want to know because b

tj maxx, pony up money. stuart: 90 million hacked. >> at tv max. stuart: $10 million paid out. >> right. target has 40 million hacked, i imagine the credit and debit card companies will make good any losses to consumers, but then they may turn round and sue target on the grounds that you didn't protect the information. that's what the state attorneys general are doing. >> could threaten or raise the interchange fees. stuart: they've got leverage. >> could possibly do that. and first class action a customer against target. target is out in print and saying we are doing what we can to stop the breaches and protect customers. stuart: class action lawsuit filed already. >> that's right. stuart: america is a great country. we've been calling amazon the king of on-line shopping, but if there's one company that could maybe match amazon, it's google. search for product right now on google and immediately you get links to on-line stores where you can buy it side stepping amazon and google gets a piece of the action. am i legitimately calling google the king on-line? >> the back end matters. how f