. . CONSUMER AND INTERNET FRAUD HOAXES AND SCAMS : RETAIL STORES : BUSINESS: CORPORATIONS: NAMED CORPORATIONS: MICHAELS : CREDIT CARDS : DEBIT CARDS: Michaels Says It's Found Possible Customer-Accounts Breach . . Michaels Says It's Found Possible Customer-Accounts Breach By Mina Kawai and Dan Hart January 26, 2014 12:27 PM ET Bloomberg http://www.bloomberg.com/news/2014-01-25/ michaels-says-it-s-learned-of-possible-customer-accounts-breach.html . A shorter URL for the above link: . http://tinyurl.com/nny7aln . .Michaels Stores Inc. (MIK), the worlds largest arts-and-crafts retailer, said some of its customer payment-card data may have been used fraudulently, making it the third U.S. retailer to report such a breach since December.
.Michael Fox, a spokesman for Michaels, declined to say when the data-security attack may have occurred, when the company learned of it or how many customer accounts may be affected. He said the matter is being investigated and any new information will be posted on the companys website.
.While we have not confirmed a compromise to our system, we believe it is in the best interest of our customers to alert them to this potential issue, said Chief Executive Officer Chuck Rubin in a statement yesterday.
.The retailer said its working with law enforcement and a third party to determine the scope of the problem. Ed Donovan, a spokesman for the U.S. Secret Service, confirmed that his agency is investigating the breach. He declined to comment further.
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