Michaels Chain Investigates Possible Data Breach

IRVING (January 26, 2014) The Irving-based Michaels Stores chain says it is investigating a possible company data security breach that may have affected its customers' payment card information.

The company said it launched the probe after learning of possible fraudulent activity on some U.S. payment cards used at the home decor and crafts retailer.

Michaels Stores Inc. is working with federal law enforcement and data security experts, but has yet to confirm that its systems were compromised.

The company’s CEO, Chuck Rubin, suggested that Michaels customers take steps to protect themselves, such as reviewing their account statements for unauthorized charges.

Neiman Marcus Group Ltd., recently said a security breach last year may have affected about 1.1 million cards.

Target Corp. has said hackers stole about 40 million debit and credit card numbers during the holiday season.