Data breach at Saks Fifth Avenue targets customers' credit cards
04 April, 2018, 01:09 | Author: Samuel Sharp
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.
If the millions of payment card data were indeed stolen from Hudson Bay stores, it would be the biggest hack on such information in this past year.
The company said there's no indication that the breach affected its online shopping websites or other brands, including the Home Outfitters chain or Hudson's Bay stores in Canada.
"HBC wanted to reach out to customers quickly to assure them that they will not be liable for fraudulent charges that may result from this matter", the company said.
Gemini advisory also said the hackers from this incident were behind previous data breaches that affected Whole Foods, Chipotle, Omni hotels and resorts and Trump hotels.
"In the case of a compromised payment card, customers should contact their financial institutions to get new cards issued to prevent unauthorized use of compromised information", said Alex Heid, a white-hat (i.e., ethical) hacker and chief research officer at SecurityScorecard.
Most of those are believed to be in the NY and New Jersey area, Gemini Advisory said.
High-end retailers Saks Fifth Avenue and Lord & Taylor are the latest victims of a data breach, though it's now unclear how attackers were able to steal the data.
On April 1, The Wall Street Journal reported that the two retailers had been hacked and that the hackers had obtained millions of credit and debit card numbers.
"However, cardholders who frequently shop at luxury retail chains like Saks Fifth Avenue are more likely to purchase high-ticket items regularly; therefore, it will be extremely hard to distinguish fraudulent transactions from those of a legitimate nature, allowing criminals to abuse stolen payment cards and remain undetected for a longer period of time".
A credit card transaction in process. There is a confirmation of 125,000 payment cards data being stolen, however, there are no clear estimations available.
"We are working rapidly with leading data security investigators and also are coordinating with law enforcement authorities and the payment card companies". Last week, for instance, Under Armour announced that 150 million accounts from MyFitnessPal were stolen in a data breach.
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