Sources: Card Breach at Michaels Stores
Summary: Banking industry sources told KrebsOnSecurity that hundreds of cards recently used at Michaels Stores were showing fraudulent purchases, with the fraud spread across many stores and regions rather than one area. The U.S. Secret Service confirmed it was investigating a potential breach at Michaels, and the company said it had learned of possible fraudulent activity on U.S. payment cards used at its stores and was investigating with federal law enforcement and third-party data security experts.
Why it matters: Michaels had already disclosed in May 2011 that criminals physically tampered with point-of-sale devices at store registers, and the article notes the fraud pattern resembles how the Target breach unfolded, where more than 40 million customer credit and debit cards may have been affected.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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