Saks, Lord & Taylor hit with massive data breach

Saks, Lord & Taylor hit with massive data breach

Saks, Lord & Taylor hit with massive data breach

Analysis of the stolen payment cards by Gemini Advisory in cooperation with several financial institutions identified Saks Fifth Avenue and Lord & Taylor stores as the source for the cards, which has been confirmed by the retail stores' parent company, Hudson's Bay Company (HBC).

Most of the data stolen from Saks Fifth Avenue, Lord & Taylor and the discount store, Saks Off 5TH, were from locations in NY and New Jersey.

Customers will be notified if their information has been stolen, according to the company.

It is not clear how exactly the malware was installed in the stores' checkout systems, Gemini said it was most likely through phishing emails sent to Hudson's Bay employees.

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Hudson's Bay said in a statement that it "deeply regrets any inconvenience or concern this may cause", but it hasn't said how many Saks or Lord & Taylor stores or customers were affected.

Security researchers from Gemini Advisory said the majority of the stores affected were in NY and New Jersey, and the problem started in May 2017, ending when the breach was discovered. There is a confirmation of 125,000 payment cards data being stolen, however, there are no clear estimations available. That's according to a major cybersecurity firm, following a data breach at some Saks Off Fifth locations.

Chorine said most of the stolen credit cards appear to have been obtained from stores in the New York City metropolitan area and other Northeast U.S. states.

"I'm concerned that they didn't even have the decency to call me and let me know what was going on, Nalini Polychronopoulous, a Saks credit card holder, told CBC Toronto".

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Gemini Advisory believes the hackers behind this incident were also behind past data breaches that affected Whole Foods, Chipotle, Omni Hotels and Resorts and Trump Hotels.

For retailers using centralized databases to store customer information, the problems can be particularly plentiful.

HBC is encouraging customers and patrons of the two retail stores to review their account statements and get in touch with their issuing banks quickly if they notice unknown activities or suspicious transactions in their account.

Under Armour said last week that when it learned of the data breach, which occurred in February, it "quickly took steps to determine the nature and scope of the issue" before alerting the lifestyle network's members four days later with guidance on how to protect their information.

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