Consumer Fraud

Michaels offers 45-page document to show when and where its data breach occurred nationally

computer security login1 e1530822652625 Michaels offers 45 page document to show when and where its data breach occurred nationallyNew details have been released by Michael Stores Inc. in regards to the company’s recent data security breach that compromised the financial information of nearly 3 million of its customers.

Each location affected by the data breach is revealed in a 45-page document listing both the stores and dates of where and when the data breach occurred.

In January, the company said that it hired two independent security firms to investigate the data breach and learn how it took place. The company narrowed down the breach as occurring between the dates of May 8, 2013 and Jan. 27, 2014. Roughly 7 percent of its transactions during that period were affected by the event.

“There is no evidence that other customer personal information, such as name, address or PIN was at risk in connection with this issue,” Michaels said in a statement.

In comparison to Target’s data breach in December of 2013, Michaels may be thankful it was just 3 million consumers. As many as 110 million Target customers suffered the compromise of both their personal and financial information after the massive retailer’s holiday breach. The monstrous oversight later even accounted for the resignation of Target Corp. Chief Information Officer (CIO) Beth Jacob.

Source:
WSFA
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