Card Numbers Stolen From 5M Saks, Lord & Taylor Customers

Card Numbers Stolen From 5M Saks, Lord & Taylor Customers

Card Numbers Stolen From 5M Saks, Lord & Taylor Customers

Geographical Distribution of Compromised Payment Cards combined for Saks Fifth Ave and Lord & Taylor. A "well-known ring of cybercriminals", according to the New York Times, from a hacking group called JokerStash put five million credit and debit cards for sale last week.

Up to 5 million customers from Saks Fifth Avenue and Lord & Taylor had their information stolen.

Hudson's Bay said it is coordinating with law enforcement authorities and the payment card companies and no longer believes there is a risk to customers at its stores.

It said that it was "aware of the security issue" and has "taken steps to contain it".

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Over the weekend, Hudson's Bay (OTCPK:HBAYF) confirmed a security breach of customer card data at its some of its Saks Fifth Avenue, Saks Off 5th and Lord & Taylor high-end retail chains.

According to Gemini Advisory, the financial institutions involved have confirmed that the credit and debit card numbers are real and say most were stolen from stores in NY and New Jersey.

Gemini researchers said that the entire network of Lord & Taylor was compromised along with 83 stores of Saks Fith Avenue.

A credit card transaction in process. 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.

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A "preliminary analysis" found credit card data was obtained for sales dating back to May 2017, according to the post.

Chorine added that it's not perfectly clear yet if all of the millions of card members are directly from Lord & Taylor and Saks, but that it seems likely at least majority are.

Gemini Advisory, a cybersecurity research firm that specialises in tracking stolen financial data, disclosed the data breach on Sunday, adding that the information was likely collected at store locations and the online shoppers were probably not affected. Specific stores impacted by the breach haven't been identified yet.

JokerStash, which also goes by the name of Fin7, has already invaded some serious invasions which include names like Omni Hotels & Resorts, Trump Hotels, Chipotle and more. It also advised them to review their credit and debit card accounts to monitor for unusual transactions or activity.

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Gemini urged all brick-and-mortar stores to switch from magnetic stripe card machines to Europay Mastercard and Visa, or EMV, terminals, which are able to verify purchases through a microchip in the physical card itself.

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