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Card breach at Michaels Stores


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Card breach at Michaels Stores ...

- http://krebsonsecurity.com/2014/01/sources-card-breach-at-michaels-stores/

Jan 25, 2014 - "Multiple sources in the banking industry say they are tracking a pattern of fraud on cards that were all recently used at Michaels Stores Inc., an Irving, Texas-based arts-and-crafts retailer that maintains more than 1,250 stores across the United States...

Update 1:34 p.m. ET: Michaels has just issued a statement stating that it recently learned of possible fraudulent activity on some U.S. payment cards that had been used at Michaels, suggesting that the Company may have experienced a data security attack.

The statement continues:

The Company is working closely with federal law enforcement and is conducting an investigation with the help of third-party data security experts to establish the facts. Although the investigation is ongoing, based on the information the Company has received and in light of the widely-reported criminal efforts to penetrate the data systems of U.S. retailers, Michaels believes it is appropriate to let its customers know a potential issue may have occurred. We are concerned there may have been a data security attack on Michaels that may have affected our customers payment card information and we are taking aggressive action to determine the nature and scope of the issue, said Chuck Rubin, CEO. While we have not confirmed a compromise to our systems, we believe it is in the best interest of our customers to alert them to this potential issue so they can take steps to protect themselves, for example, by reviewing their payment card account statements for unauthorized charges... Sources with four different financial institutions have over the past few days said hundreds of customer cards that recently had been used for fraudulent purchases all traced back to Michaels stores as the common point of purchase..."


:ph34r: <_< :(

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