Tracy Kitten reports: A district court in Illinois has dismissed a consolidated consumer class action lawsuit seeking damages from Michaels Stores Inc. for a card breach the arts and crafts retailer suffered starting in 2013. In a 20-page ruling, U.S. District Judge Elaine Bucklo says the six plaintiffs named in the consolidated suits failed to prove that they suffered “actual economic…
Search Results for: "Michaels Stores"
Breach Blind Spot Puts Retailers on Defensive
Brian Krebs writes: In response to rumors in the financial industry that Sears may be the latest retailer hit by hackers, the company said today it has no indications that it has been breached. Although the Sears investigation is ongoing, experts say there is a good chance the identification of Sears as a victim is a false alarm…
Payment Card Breaches: Time to Spread the Risk with Mandatory Cyber Insurance
David Navetta writes: The BIG 2014 security stories concerning the Target, Neiman Marcus and Michaels payment card breaches of have highlighted the significant criminal hacking and fraudulent payment card activity that goes on in the retail space. Of course, it was not so long ago that the Heartland Payment Systems breach (2008; 100 million cards exposed) and the TJX breach in (2007; 45 million card exposed)…
Follow-up: Two men who stole bank info from Michaels customers headed to federal prison
Kristin J. Bender reports: Two men could spend the rest of their lives in federal prison after they pleaded guilty Wednesday to helping set up phony debit card pads in a popular craft store to steal customers’ bank account and credit card numbers. Edward Arakelyan, 21, and Arman Vardanyan, 22, both of Southern California, each…
Class Slams Michaels for Data Breach
Chris Fry reports on yet another potential class action lawsuit against Michael’s Store – and it includes a timeliness of notification claim: Michaels Stores took almost 3 months to warn customers that their debit cards’ PIN numbers may have been stolen by skimming devices in at least 20 states, a class action claims in Passaic…
OR: Portland-area debit card fraud could be related to Michaels PIN skimming
A rash of card fraud reports over the weekend in Beaverton, Oregon may be linked to the breach of some Michaels Stores. Brent Hunsberger reports: A number of Portland-area residents reported their debit cards either were compromised or canceled suddenly over the weekend, and Beaverton police said at least one case was related to a…