Michaels Stores has announced that it is investigating a possible breach of customer credit card data.
“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 of Michaels Stores. “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.”
According to security blog KrebsOnSecurity, which broke the news of the recent Target security breach, Michaels is working with the Secret Service to to investigate a pattern of fraudulent card charges on cards that trace back to Michaels as a common point of use. [Read more...]