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BUSINESS BRIEFS

 
| Published: June 28, 2008    Comment on this article Leave a comment

NATION
Consumers not notified after security breach
NEW YORK — An old name in retail was hit by a modern scourge — a hack of its customers' credit card numbers — but didn't inform the consumers, revealing how data breaches might be heavily undercounted even with new notification laws.

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Richard "Dickie” Scruggs, center, leaves federal court in Oxford, Miss., on Friday with his wife Diane, left, and attorney John Keker after being sentenced to five years in prison for conspiracy to bribe a judge. Associated Press
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At least 51,000 records were exposed in the breach at the parent company of Montgomery Ward. The venerable Wards chain that began in 1872 went out of business in 2001, but in 2004 a catalog company, Direct Marketing Services Inc., bought the brand name out of bankruptcy. It now runs a Wards.com Web site along with six other sites, including three with Sears brands it has acquired: SearsHomeCenter.com, SearsShowplace.com and SearsRoomforKids.com.

Direct Marketing Services immediately informed its payment processor and Visa and MasterCard. Notification laws in nearly every state generally require organizations that have been hacked to come clean to the affected consumers, not just to the financial industry.

Pitney Bowes retains business unit
STAMFORD, Conn. — Pitney Bowes Inc. is keeping a business unit it once considered selling or spinning off.

The Stamford-based mail and document-managing company announced Friday that it will keep its management services business, which provides mailroom and copy center services to corporations, federal agencies and law firms.

Chief Executive Murray Martin said that many customers of management services renewed or increased their contracts.

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Related Topics: Criminal Sentencing and Punishment, Business, Marketing, Jobs and Labor, Layoffs and Downsizing, Crime and Law



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