Michaels Stores report Major Security Data Breach

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Michaels confirms breach of approximately 2.6 million cards

Michaels Stores said that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its stores, may have been affected in a major security breach. The report further stated┬ásaid that it has contained the incident, which began last year. It has received “limited” reports of fraud from banks and the payment card brands that are potentially connected to the breach.

The compromised data includes customer information such as payment card numbers and expiration dates. There is no evidence that other personal information such as names, addresses or PIN numbers were at risk.

Michaels’ report comes as many shoppers worry about the safety of their personal data following a massive pre-Christmas security breach at Target Corp. that affected 40 million debit and credit cards.┬áThe company said the attacks utilized highly sophisticated malware that had not been encountered before by the two security firms that were conducting the investigation.

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