The Hudson’s Bay Company, which is famous for owning retail chains such as Saks Fifth Avenue, Saks Off 5th and Lord & Taylor, has confirmed a security breach on Sunday April 1. The stolen information was used for in store purchases and according to Hudson’s Bay “there is ‘no indication’ online purchases were affected.Gemini Advisory, a cyber security firm identify the security preach stating that it was amongst the largest and most damaging breaches to ever target retail companies, with over 130 locations impacted. The majority of stolen cards came from New York and New Jersey locations, with info obtained from sales dating back to May 2017.
This article tied into our in class discussions of security, specifically cyber security. Companies have had breaches like these in the past such as Home Depot, losing nearly 30 million due to a security breach. Penn State’s Database has also experienced a breach back in 2012, but was not notified until 2015. Penn State now offers a two-factor authentication system which uses more than one device to confirm your identity before allowing you to log in to your account. This article is proof that security breaches and identity theft can happen to anyone, whether it be an individual or a million dollar company, and it is important to take the measures to prevent this from occurring before it is too late.