Data breach at 2 high-end retailers

The credit card information of more than five million customers of Saks Fifth Avenue and Lord & Taylor was stolen in a major security breach. The owner of both chains posted a statement Sunday:

"We have become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks OFF 5TH, and Lord & Taylor stores in North America. There is no indication at this time that this affects our e-commerce or other digital platforms. We want to assure our customers that they will not be liable for fraudulent charges that may result from this matter. We encourage our customers to review their account statements and contact their card issuers immediately if they identify activity or transactions they do not recognize."

The company advised, "It’s always a good practice for customers to closely monitor their account statements. If you see an unauthorized charge or a charge you do not recognize, you should notify your card issuer immediately."

A data security firm said that roughly 125,000 of the stole records have already been trafficked to the dark web.

Photo: Getty Images 

Jenni Chase

Jenni Chase

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