🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

U.S. supermarket chain Supervalu investigating potential data breach : WSJ

Published 08/14/2014, 09:22 PM
Updated 08/14/2014, 09:30 PM
U.S. supermarket chain Supervalu investigating potential data breach : WSJ

(Reuters) - Supervalu Inc is in the early stages of investigating a potential data breach that could have affected more than 1,000 stores, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter.

The data breach appears to have taken place in late June or early July, and may be due to malicious software installed by hackers on the U.S. retailer's point-of-sale network, the people told the Journal. (http://on.wsj.com/1vONB4u)

The company had 3,763 stores as of April, according to a regulatory filing.

The supermarket chain has not notified its customers about the data breach, the Journal reported the people as saying.

Supervalu could not be reached for a comment outside of business hours.

Companies in the U.S., particularly retailers, have been targeted by hackers for customer data on payment cards.

U.S. retailer Target Corp is struggling to win back customers after it suffered a huge data breach last year that resulted in the theft of 40 million payment card numbers and 70 million other pieces of customer data such as email addresses and phone numbers.

Michaels Stores Inc, the biggest U.S. arts and crafts retailer, said in May it also suffered a security breach that may have affected about 2.6 million payment cards.

Reuters reported in January that smaller breaches on at least three other well-known retailers in the country took place and were conducted using similar techniques as the one on Target.

Retailers are often reluctant to report breaches out of concern it could hurt their businesses. Target only acknowledged its 2013 attack after security blogger Brian Krebs reported the breach, prompting inquiries from journalists and investors.

Most states have laws that require companies to contact customers when certain personal information is compromised. In many cases the task of notification falls on the credit card issuer.

Merchants are required to report breaches of personal information including social security numbers.

(Reporting by Ramkumar Iyer in Bangalore; Editing by Lisa Shumaker and Ken Wills)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.