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New Payment Card Compromise Reported at Michaels Stores

Earlier this afternoon, Brian Krebs broke the story on his Krebs on Security blog about a newly discovered pattern of payment card fraud on cards which had been used earlier to pay for purchases at Michaels Stores.

Subsequently, the company itself issued a press release: "Michaels Stores, Inc. (the “Company” or “Michaels”) 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."

CEO Chuck Rubin was quoted: “While we have not confirmed a compromise to our systems, we believe it is in the best interest of our customers to alert them to this potential issue so they can take steps to protect themselves, for example, by reviewing their payment card account statements for unauthorized charges.”

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