Staples investigating possible data breach

Staples (NASDAQ:SPLS) may be the latest retail victim of a cyber attack. The retailer has contacted law enforcement and is investigating a possible breach of payment card data, reported Reuters.

The investigation was disclosed to the public after security reporter Brian Krebs reported on his blog, Krebsonsecurity.com, that several Staples stores in the northeast part of the country had been hit by a breach.

"Multiple banks say they have identified a pattern of credit and debit card fraud suggesting that several Staples Inc. supply locations in the northeastern United States are currently dealing with a data breach. Staples says it is investigating 'a potential issue' and has contacted law enforcement," Krebs wrote.

Krebs continued to report that fraudsters had most likely succeeded in stealing customer card data from seven locations in Pennsylvania, at least three in New York City and another in New Jersey.

"Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," Mark Cautela, Staples' senior public relations manager, said in a statement late Monday. "We take the protection of customer information very seriously, and are working to resolve the situation."

Staples is one of several retailers to be hit by cyber attacks in this month alone. Last week, Kmart (NYSE:SHLD) made headlines for a breach in its payment data systems. Also, restaurant chain Dairy Queen reported that it may have compromised the card information of customers in 46 states.

Don't forget Bass & Co., Home Depot, Sally Beauty, Michael's, Supervalu and, of course, Target. The list of retailers reporting breaches just keeps growing. It seems the problem is more frequent than ever, and is being reported by retailers at a growing rate. However, many retailers still have a long way to go when it comes to being prepared for a cyber attack. Going back to retrofit old systems can be very expensive and beyond the knowledge scope of retailers.

For more:
-See this Reuters article
-See this Krebs On Security blog post

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Supervalu becomes latest data breach victim
Supervalu's future lies in wholesale
Home Depot breach affects 56M debit, credit cards
Target breach cost $148 million; tech hub opens in Silicon Valley
Retailers still unprepared for security breaches

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