Discount Chain Fred’s Inc. Probes Card Breach
Summary: Fred's Inc., a discount merchandise and pharmacy chain with 650 stores in more than a dozen states, disclosed it is investigating a potential credit card breach after KrebsOnSecurity heard from multiple financial institutions about fraud on customer cards. Sources said the fraud pattern traced back to Fred's stores across Alabama, Arkansas, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Tennessee and Texas, and the company said it retained Mandiant to examine its systems.
Key Takeaway: The fraud was flagged by banks before the company confirmed anything, and the suspected mechanism is card-stealing malware on point-of-sale systems at checkout lanes across a nine-state footprint.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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