Saturday 25 January 2014

Arts and crafts retailer Michaels may have suffered credit card data breach

Arts and crafts retailer Michaels may have suffered credit card data breach
Jan 25th 2014, 20:37, by Sean Hollister

Another major US retailer may have had customer credit card details fall victim to cyberattack. Michaels, which sells art and craft supplies at over 1,100 stores in the US and Canada, has just announced that it's working with federal law enforcement agencies and independent security analysts to investigate a potential data breach.
While the company says that it hasn't yet confirmed an actual breach, cyber security expert Brian Krebs — who has been closely monitoring the Target and Neiman Marcus attacks — says that Michaels has reason to believe that data theft might have occurred. According to his sources, four different financial institutions traced hundreds of fradulent purchases back to cards that had been used at Michaels...
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