Wednesday, January 29, 2014

Michaels Stores sued over possible Data Breach

The world’s largest arts-and-crafts retailer, was sued by a customer for failing to safeguard data after the company said some payment-card information may have been used fraudulently. 
The Irving, Texas-based company said Jan. 25 that it “recently learned of possible fraudulent activity on some U.S. payment cards that had been used at Michaels, suggesting the company may have experienced a data security attack.”
Christina Moyer, an Illinois consumer, sued the company today in federal court in Chicago, accusing Michaels of breaching an implied promise to protect that information. Moyer claims she and other customers on whose behalf she filed the complaint must spend time and money to deal with the consequences. 
The attack, if confirmed, would make Michaels at least the third U.S. retailer since December to disclose a client data security breach. Target Corp. (TGT) has said about 40 million credit and debit card accounts were violated during last month’s holiday shopping season and that personal information about as many as 70 million individuals was stolen. Customers filed about two dozen lawsuits against the Minneapolis-based business within the first week of its Dec. 19 disclosure, and more since.
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