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CNN Live At Daybreak
Victoria's Secret Fined: Company Pays for Web Security Flaw
Aired October 23, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. It is time for the angles to pay up.
Carrie Lee explains from the Nasdaq market site.
Does this mean bad news for consumers?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well not that bad, Carol, let me explain. Victoria's Secret has agreed to pay $50,000 in fines to the state of New York. Also promising to improve computer security practices after a glitch on its Web site allowed viewers to browse other customer's orders online.
Now Limited Brands, which is the parent company, said they fixed the problem within days after being notified by a customer last November. Basically, the glitch let customers randomly call up other orders, looking at details such as sizes, prices, customer names and addresses. The company is notifying 560 customers who were affected nationwide by mail. As part of the settlement, the company has to provide refunds or credits to affected customers in New York. So, Carol, Victoria's Secret, not exactly a secret after all.
COSTELLO: No.
LEE: Any chance to roll that video and we do it, don't we?
COSTELLO: I was just going to say, we didn't show computer screens, we showed the fashion show.
LEE: Coming up next month, I believe, for this year. It's an annual event now.
COSTELLO: Man, you're teasing it now.
Thank you. Carrie Lee reporting live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Flaw>
Aired October 23, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. It is time for the angles to pay up.
Carrie Lee explains from the Nasdaq market site.
Does this mean bad news for consumers?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well not that bad, Carol, let me explain. Victoria's Secret has agreed to pay $50,000 in fines to the state of New York. Also promising to improve computer security practices after a glitch on its Web site allowed viewers to browse other customer's orders online.
Now Limited Brands, which is the parent company, said they fixed the problem within days after being notified by a customer last November. Basically, the glitch let customers randomly call up other orders, looking at details such as sizes, prices, customer names and addresses. The company is notifying 560 customers who were affected nationwide by mail. As part of the settlement, the company has to provide refunds or credits to affected customers in New York. So, Carol, Victoria's Secret, not exactly a secret after all.
COSTELLO: No.
LEE: Any chance to roll that video and we do it, don't we?
COSTELLO: I was just going to say, we didn't show computer screens, we showed the fashion show.
LEE: Coming up next month, I believe, for this year. It's an annual event now.
COSTELLO: Man, you're teasing it now.
Thank you. Carrie Lee reporting live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Flaw>
