No fooling. A cybercriminal ring, known as known as Fin7 or JokerStash, snatched more than five million credit and debit card numbers from Saks Fifth Avenue and Lord & Taylor customers.
The Hudson's Bay Company, the Canadian firm that owns both retail chains, confirmed this past weekend a breach occurred.
Cybersecurity firm Gemini Advisory identified posted a blog with details of the breach, believed among the biggest and most damaging to ever hit retail companies. The data, the firm said, appears stolen using implanted software in the cash register systems that tapped card numbers until
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
