Saks, Lord & Taylor hit with massive data breach

Customers will not be liable for fraudulent charges

Customers will not be liable for any fraudulent charges made with their card data, the company said.

According to Gemini Advisory, a cyber security firm specializing in tracking stolen financial data, the credit card data was stolen by installing malicious software in the cash registers of the stores.

"With the declared number of compromised payment cards being in excess of five million, the current hacking attack is amongst the biggest and most damaging to ever hit retail companies", said Gemini.

Lord & Taylor and Saks Fifth Avenue announced Sunday that 5 million of their customers suffered a data breach, with cybercriminals stealing credit and debit card information.

Hudson's Bay Co. says it will offer free identity protection services - including credit and web monitoring - to customers whose information was stolen.

Some of those cards were used by their card owners as recently as a month ago, in one of the stores affected.

Discovered by Gemini Data and announced today, the theft of the data is believed to have begun in May 2017 and may still be ongoing, with records stolen from stores in NY state, New Jersey and three locations in Canada.

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'In addition, we identified three potentially compromised stores located in Ontario, Canada. Customers are advised to monitor their accounts, review their statements and get in touch with their card issuers if suspicious activity is detected.

With Under Armour's data security issue affecting around 150 million members of its MyFitnessPal community and the HBC hack reportedly impacting about 5 million Saks Fifth Ave., Saks Off 5 and Lord & Taylor shoppers in North America last week, scores of fearful consumers are scrambling to determine an appropriate course of action.

Customers at the stores will be offered free identity protection services, and there is no indication that Social Security or driver's license numbers were stolen.

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.

The theft is one of the largest known breaches of a retailer and shows just how hard it is to secure credit-card transaction systems despite the lessons learned from other large data breaches, including the theft of 40 million card numbers from Target in 2013 and 56 million card numbers from Home Depot in 2014.

It does note that the situation has been taken care of and also says it is working with law enforcement on the matter.

Hudson Bay Co., the parent company of both Saks and Lord & Talyor, confirmed the hack in a statement Sunday.

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