TIME Retail

Michaels Says Malware Compromised Up to 2.6 Million Payment Cards

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Nancy and Rachel Nelson of Moss Point leave Michaels in D'Iberville, Miss., Nov. 28, 2013. John Fitzhugh—AP

The arts and crafts chain said that as many as 2.6 million payment cards used at its stores may have been affected by a security breach via sophisticated malware, though it has not yet heard many reports of fraud

Michaels Stores Inc. announced in a press release Thursday that as many as 2.6 million payment cards used at Michaels and Aaron Brothers craft stores may have been affected by a security breach. They say they have so far received “limited” reports of fraud.

A criminal attacked the largest arts and crafts chain in the U.S. using sophisticated malware. The company learned of a possible data security breach in January but did not discover the details until after several months of investigation. Michaels Stores said they had identified and fully contained the incident.

 

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