In January 2007, TJX disclosed that hackers had breached its credit card systems. The company reported that the attackers might have accessed credit card data going back to 2002. It reported that 45.7 million credit and debit card numbers might have been disclosed. At the time, the breach was believed to be the largest ever. Banks and customers sued TJX in connection with the breach. State governments also sued the company for failing to protect the credit card information of state residents. Given the nature of this breach, which federal agency opened an investigation?a. the Federal Trade Commissionb. the Federal Reserve Systemc. the Federal Deposit Insurance Corporationd. the Consumer Financial Protection Bureau

The answer is a. the Federal Trade Commission.

Explanation:

The Federal Trade Commission (FTC) opened investigation as a result of the nature of the breach that occurred whereby TJX failed to protect people’s credit card information. The FTC is a federal government agency that oversees consumers’ protection in commercial activities, and ensures that business practices remain fair: it handles complaints regarding unfair business practices, including breaches, scams, deceptive forms of advertisement, and any monopoly that is aimed at cheating.

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