5 Million Customers Affected By Retail Stores' Data Breach

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Over 5 million customers’ credit and debit card information was stolen in the recent hack that affected both Saks Fifth Avenue and Lord & Taylor shoppers.

Software installed on department store cash registers appears to be the culprit. This credit and debit card data breach marks one of the largest known retailer data breaches. Although many lessons have been learned over the years through previous large data breaches (Home Depot, Target, Neiman Marcus, etc.), retailers still have quite a long way to go in their efforts to fend off hackers.

Did you know that often times hackers sell the stolen credit card data they obtain from their hacks on the Dark Web - the part of the Internet that is only accessible by means of special software? What steps are you taking as a consumer to prevent your data from being stolen. Is cash your preferred method of payment?