Online shopping has cut deeply into the traditional brick-and-mortar retail industry, and department stores have been particularly slow to adapt to the new ways that people shop.Ĭhains that cater to a spectrum of income levels and affluence have seen their sales dwindle.
The breach comes at a difficult time for Saks and Lord & Taylor, and retailers more generally. Once we have more clarity around the facts, we will notify our customers quickly and will offer those impacted free identity protection services, including credit and web monitoring.” “We have identified the issue, and have taken steps to contain it. “We have become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks Off 5th and Lord & Taylor stores in North America,” the company said in a statement. The Hudson’s Bay Company, the Canadian corporation that owns both retail chains, confirmed on Sunday that a breach had occurred.
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The data, the firm said, appears to have been stolen using software that was implanted into the cash register systems at the stores and that siphoned card numbers until last month. Saks has been hacked - adding to the already formidable challenges faced by the luxury retailer.Ī well-known ring of cybercriminals has obtained more than five million credit and debit card numbers from customers of Saks Fifth Avenue and Lord & Taylor, according to a cybersecurity research firm that specializes in tracking stolen financial data.
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