Monday, 23 April, 2018

Data breach has struck Lord & Taylor and Saks

Secret Service How hackers pose as ATM repairmen steal cash Secret Service How hackers pose as ATM repairmen steal cash
Lindsey Cook | 03 April, 2018, 05:02

In addition, the security firm suspects that 83 Saks Fifth Avenue stores and all Lord & Taylor locations were compromised in the data breach.

The hackers, identified as the JokerStash online crime syndicate, also known as Fin7, revealed their possession of the data on the dark web March 28. Hudson's Bay is advising customers who want more information about the breach to visit security-response websites it's created for Saks Fifth Avenue, Saks Off Fifth, and Lord & Taylor.

These are not the only chains hit by the hacker group, but this is the largest data breach that hit retail companies.

In a blog article posted Sunday, cybersecurity and intelligence company, Gemini Advisory, confirmed that card data from more than 5 million customers had been stolen from luxury department stores Saks Fifth Avenue and Lord & Taylor.

According to HBC, the company has taken steps to contain the breach.

Saks says that only its brick and mortar stores were affected, online shoppers were not exposed to the attack. The majority of credit cards were stolen from store locations in NY and New Jersey.

Hudson's Bay Co (OTCMKTS:HBAYF) is dealing with a Saks Fifth Avenue data breach.

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For now, HBC is asking clients to review their account statements for activity or transactions they don't recognize. "It is frustrating that we trust businesses with our information but keep paying the price when they get breached", said Zohar Steinberg, founder and CEO of mobile app Token, which helps its users to shop more securely by disguising their payment details and creating a pseudo-identity.

Whole Foods, Chipotle, Omni Hotels & Resorts and Trump Hotels are also among the victims.

A data breach has compromised the customer payment information of millions of Saks Fifth Avenue, Saks Off 5th and Lord & Taylor shoppers. For comparison, the 2013 cyberattack of Target compromised 41 million customer cards, the 2014 Home Depot breach impacted 50 million customers, and our old friend Equifax laid vulnerable the identities of 143 million customers and counting.

HBC said it is coordinating with law enforcement authorities and payment card companies.

Hudson's Bay said in a statement that it "deeply regrets any inconvenience or concern this may cause".

Right now, the companies don't know whose data was affected, but they don't believe Social Security numbers or driver's license numbers were stolen.

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