Michaels Stores Warns Of Possible Data Breach

Law360, New York (January 27, 2014, 2:22 PM EST) -- Michaels Stores Inc. said Saturday it may have suffered a data breach that compromised customer’s payment card information, making it the latest retailer, along with Target Corp. and Neiman Marcus Group Ltd. LLC, to be targeted by hackers.

In a letter posted on Michaels’ website, CEO Chuck Rubin said the arts and crafts retailer recently learned of possible fraudulent activity on some U.S. payment cards that had been used at Michaels, suggesting it may have experienced a data security attack. Rubin said the company is trying...
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