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Michaels arts and crafts chain warns of possible data breach

Online Wsj

Two Takes Default
Two Takes Default

Michaels, a U.S. arts and crafts chain, is investigating fraudulent activity on some customers’ credit cards, which the company says may be the result of a data breach. “Michaels Stores, Inc. recently learned of possible fraudulent activity on some U.S. payment cards that had been used at Michaels, suggesting that the company may have experienced a data security attack,” Michael Fox, a Michaels spokesperson.

Michaels Stores Inc. said it may have been the victim of an attack on its data security, making it the third major chain in a rash of assaults aimed at U.S. retailers. In a statement on its website, the arts-and-crafts retailer said it had recently learned of possible fraudulent activity involving credit or debit cards that had been used at Michaels. The company said it hasn’t determined that a breach occurred, but said it is working with federal law-enforcement authorities and computer-security experts to determine what happened.

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