Forever 21 discovers payments card breach | finder.com

Forever 21 discovers payments card breach

Peter Terlato 15 November 2017 NEWS

The number of people and payment cards potentially affected has not been determined.

Forever 21 has revealed that customers who shopped at particular stores between March and October this year may have had their payment card data exposed in unauthorized breaches, according to recent security reports.

The fashion retailer said it has opened an investigation into the violations and has contracted a leading security and forensics firm to assist with the probe and determine the full extent and details of the incident.

Forever 21 said it was notified of the breach in a security report it received from a third party.

The company added that encryption and tokenization solutions had been implemented in 2015, however, the extent of the data hack was limited to certain point of sale devices in some Forever 21 stores where encryption on those devices was not in operation. The data breach occurred between March-October 2017.

The number of people and payment cards potentially affected has not been determined.

The investigation is in its early stages and is still ongoing. Full findings have not yet been released to the public and the retailer said it would provide additional notice on specific stores and time frames involved.

“We regret that this incident occurred and apologize for any inconvenience. We will continue to work to address this matter,” Forever 21 said in a statement.

Payment card breaches and data hacks are more prevalent than ever. Earlier this year, it was revealed that every single Yahoo account that existed in August 2013 was affected by what has now become the largest ever recorded data breach in history, affecting around one billion users.

Global hotelier Hilton reached a $700,000 settlement agreement with the New York Attorney General late last month after an investigation into consumer notifications of two separate data breaches in 2015.

Additionally, beleaguered credit agency Equifax announced in October that an additional 2.5 million consumers’ personal information was breached during its previously announced global cybersecurity hack.

Regularly check your debit and credit card statements to ensure no fraudulent activity has occurred and you’re only paying for the things you buy. If you notice something out of the ordinary, contact your bank.

Discover 12 ways to avoid credit card fraud and identity theft.

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