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BOSTON - Michaels, the biggest U.S. arts and crafts retailer, said on Saturday it is working with federal law enforcement officials to investigate a possible data breach on its systems that process payment cards.
"We are concerned there may have been a data security attack on Michaels that may have affected our customers' payment card information and we are taking aggressive action to determine the nature and scope of the issue," Chief Executive Chuck Rubin said in a statement emailed to Reuters.
Source: Duluth News Tribune
If the company's suspicions are confirmed, Irving, Texas-based Michaels would become the third major U.S. retailer to be identified as a victim of a cyber attack since the middle of last month. Target Corp reported an unprecedented breach over the holiday shopping season and luxury chain Neiman Marcus disclosed that it suffered a smaller attack.
The FBI last week cautioned retailers to prepare for more attacks, saying it expects that hackers will succeed in using similar techniques to break into networks at other chains.