Neiman Marcus is latest victim of security breach

[Omaha Steve]

Source: AP-EXCITE

By ANNE D'INNOCENZIO

NEW YORK (AP) - Luxury merchant Neiman Marcus confirmed Saturday that thieves may have stolen customers' credit and debit card information and made unauthorized charges over the holiday season, becoming the second retailer in recent weeks to announce it had fallen victim to a cyber-security attack.

The hacking, coming weeks after Target Corp. (TGT) revealed its own breach, underscores the increasing challenges that merchants have in thwarting security breaches.

Ginger Reeder, spokeswoman for Dallas-based Neiman Marcus Group Ltd., said in an email Saturday that the retailer had been notified in mid-December by its credit card processor about potentially unauthorized payment activity following customer purchases at stores. On Jan. 1, a forensics firm confirmed evidence that the upscale retailer was a victim of a criminal cyber-security intrusion and that some customers' cards were possibly compromised as a result.

Reeder says the retailer, which operates more than 40 upscale stores and clearance stores, is working with the Secret Service. She wouldn't estimate how many customers may be affected but said the merchant was notifying customers whose cards it knew were used fraudulently.

FULL story at link.


Read more: http://apnews.excite.com/article/20140111/DAB8NEHG2.html

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In this Wednesday, March 11, 2009 file photo, the Chicago skyline is reflected in the exterior of Neiman Marcus on Michigan Avenue in Chicago. Neiman Marcus confirmed Saturday, Jan. 11, 2014 that thieves may have stolen customers' credit and debit card information and made unauthorized charges over the holiday season, becoming the second retailer in recent weeks to announce it had fallen victim to a cyber-security attack. (AP Photo/M. Spencer Green, File)

[OhioChick]

1. Damn Steve, you beat me to it.

[Omaha Steve]

2. Nah na nana haw haw

[question everything]

3. This is why I wonder why everyone blames Target

when there are hackers all over, of corporations and of government offices.

No, I am not associated with Target, just curious.

[rgbecker]

4. Brings up the question:

Do the Christmas Retail sales statistics everyone looks to so expectantly each year really count if millions of them are fraudulent purchases on other's credit cards?

[Swede Atlanta]

5. Neiman Marcus is NOT a victim.....

they facilitated the theft as a result of their systems and security.

Their customers are the victims.

We must never allow the narrative to suggest the retailer is the victim. They are not in the first hand the victims. The customers whose information was stolen and is now being exploited are the victims.

I don't disagree that NM is at one level a victim but I am so tired of people giving these retailers a pass.

[Sgent]

6. Disagree

The customers are also victims, but this will cost NM 10's millions of dollars as well.

In fact, customers are probably the least effected. Assuming the review their statements its fairly easy to get fraudulent charges removed which sticks the cost with either the CC company, bank, or merchant.