BY LEE MOORE
SPECIAL TO NEWJERSEYNEWSROOM.COM
TRENTON – Acting Attorney General John J. Hoffman announced today that New Jersey and eight other states have entered into an $850,000 multi-state settlement agreement with TD Bank, N.A., that resolves a 2012 data breach and is designed to help ensure that future consumer privacy breaches do not occur.
New Jersey was part of a nine-state group that worked for a year-and-a-half to investigate the TD Bank breach, which affected thousands of TD customers, and to negotiate the Assurance of Voluntary Compliance agreement being announced today.
The states’ investigation focused not only on the data breach, but on TD Bank’s policies and procedures as well. The resulting settlement agreement resolves consumer protection and privacy claims against TD.