From their press release: Michaels Stores, Inc. has learned that PIN pad tampering may have occurred in its Chicago-area stores and that customer credit and debit card information may have been compromised. The company was contacted this week by banking and law enforcement authorities after some fraudulent debit card transactions were reported over the weekend. Authorities…
Search Results for: Michaels Stores
Substantial Risk of Harm in Data Breach Class Actions Ripe for Supreme Court Review
Jonathan Forman writes: Early in May, the U.S. Court of Appeals for the Second Circuit in Whalen v. Michaels Stores, Inc., No. 16-260 (L) (2d Cir. May 2, 2017), affirmed the dismissal of a data breach class action brought against Michaels Stores Inc. (Michaels) for failing to sufficiently allege an injury to support standing. This…
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)…
An Assessment of the Anthem Data Breach Litigation Rulings
David Silverman writes: [Eric’s intro: this blog post helps distill Judge Koh’s two rulings, In re Anthem Inc. Data Breach Litig., No. 15-MD-02617 (N.D. Cal. Feb. 16, 2016) (“Anthem I”) and In re Anthem Inc. Data Breach Litig., No. 15-MD-02617 (N.D. Cal. May 27, 2016) (“Anthem II”). These are complicated opinions, and I hope this post helps…
NAFCU Letter to Reps. Boehner and Pelosi on Cyber/Data Security
Via CUInsight, a letter that has some recommendations many readers might agree with: April 23, 2012 The Honorable John Boehner Speaker U.S. House of Representatives Washington, D.C. 20515 The Honorable Nancy Pelosi Minority Leader U.S. House of Representatives Washington, D.C. 20515 Re: Cyber Security and Data Security Dear Speaker Boehner and Minority Leader Pelosi:\ On…