5 Million Saks Fifth Avenue and Lord & Taylor Customers Data Hacked

Hudson’s Bay Company (HBC) confirms theft of payment card details at its Saks Fifth Avenue, Saks OFF 5TH, and Lord & Taylor stores in North America. Over five million Saks and Lord and Taylor shoppers’ credit card or debit card numbers are disclosed. The fraudulent activity took place at the said retail chains’ in-store POS terminals.

The already submerged off-line retail market is hit with the blow. The theft of 5 million cardholders’ numbers is one of the largest and the most threatening retail data hack.

The Canadian business group, HBC stated that it has taken the remedial steps in the preview of the cyber attack. The investigation is on-going and the company will let know the affected customers, once it gets complete clarity and evidence on the data theft. Moreover, Hudson’s Bay Company agrees to provide free identity protection services, including credit and web monitoring to those impacted. It added that Social Security or Social Insurance numbers, driver’s license numbers, or PINs remain unaffected in this data breach.

Fortunately, the online shopping platforms of the duped retail chains and other stores, namely Hudson’s Bay, GaleriaKaufhof, Home Outfitters, HBC Europe and Gilt.com have not come under the scanner.

Saks Fifth Avenue, Lord & Taylor Data Theft

According to Gemini Advisory, the leading research firm in cracking down Deep and Dark Web activities first notified about Saks and Lord & Taylor data breach. Through preliminary analysis and cross-checking with large financial institutions, Gemini confirmed that the hacking syndicate JokerStash, known as Fin7 is behind Saks Fifth Avenue, Saks OFF 5TH and Lord & Taylor data hack, which has also given it code name: BIGBADABOOM-2.

Saks Fifth Avenue Data Theft

The fraudulent activity took place at the retail chains’ in-store POS terminals.

Fin7 is the infamous organization for hacking renowned retailers like Whole Foods, Chipotle, Omni Hotels & Resorts, Trump Hotels, and others. Prima facie, it appears that the hacking syndicate started phishing Saks Fifth Avenue, Saks OFF 5TH and Lord & Taylor data from May 2017 to present. The entire network of Lord & Taylor stores and 83 Saks Fifth Avenue stores in the US along with 3 stores located in Canada are affected. Majority of the leaked payment card details belong to New Jersey and New York locations.

Out of 5 million cardholders’ numbers, Fin 7 has put 125,000 records on trade. Presently, it has announced the sale of 35,000 card records of Saks Fifth Avenue and 90,000 details for Lord & Taylor. This is a common trend to release the hacked data in parts rather than a complete bulk in order to avoid legal complications.

It is reassuring that the American and Canadian have strengthened the anti-fraud detective capabilities.  However, HBC has requested its shoppers to monitor their card activities on a continuous basis to prevent probable damage. Gemini suggested the customers set up the transaction alert for every card payment.

Avatar
Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook

Recent Posts

Mercedes unveils EQS electric sedan to rival Tesla’s models

Mercedes unveils EQS electric sedan to rival Tesla’s models

Mercedes-Benz has unveiled a battery-powered luxury car as part of the brand’s flagship S-Class saloon, designed to compete with Tesla. The 2022 Mercedes-Benz EQS is set to relea
1 day ago
Major US banks report surge in profits for the quarter

Major US banks report surge in profits for the quarter

Three major US banks —JPMorgan Chase & Co., Wells Fargo & Co. and Goldman Sachs Group Inc.—reported earnings results for the first quarter of 2021.
1 day ago
Bitcoin Price surges above $63,000 ahead of Coinbase IPO

Bitcoin Price surges above $63,000 ahead of Coinbase IPO

Bitcoin price has once again soared over $63,000 USD as the cryptocurrency market braces for the upcoming Coinbase IPO. The San Francisco-based cryptocurrency exchange platform, wh
1 day ago
Global ETFs reach a new record of $359.2bn in 3 months of ’21

Global ETFs reach a new record of $359.2bn in 3 months of ’21

Global economy recovery is well on its path going by the money being put in the exchange traded funds, especially in the last quarter. A trillion dollars has entered the traded fun
2 days ago
AppLovin gaming app goes public, valued at $28.6 billion

AppLovin gaming app goes public, valued at $28.6 billion

AppLovin Corp, the Palo Alto, California-based mobile app and gaming company, has priced its initial public offering at $80, which puts the company’s valuation at $28.64 billion.
2 days ago
JPMorgan earnings beat forecasts amid strengthening US economy

JPMorgan earnings beat forecasts amid strengthening US economy

JPMorgan Chase, the largest bank in America by assets reported favorable results on Wednesday, beating analysts’ estimates on trading revenue. It is the first major bank to repor
3 days ago