Saks Fifth Avenue and Lord & Taylor Data Breach Lawsuit

NastLaw is investigating data breach lawsuits against the Hudson’s Bay Company, a Canadian corporation that owns the Saks Fifth Avenue and Lord & Taylor retail chains. Credit and debit card numbers were stolen from Hudson’s Bay, potentially affecting up to 5 million customers who shopped at Saks Fifth Avenue or Lord & Taylor.

If you think that your personal information may have been stolen in the Saks Fifth Avenue and Lord & Taylor data breach, or you have experienced identity theft or other action you think may be related to this data breach, you may be eligible for a compensation through a data breach lawsuit.

Our experienced data breach attorneys can help you determine if you are eligible for a lawsuit – contact us today for a free, no obligation case review.

According to Gemini Advisory, a cyber security firm specializing in tracking stolen financial data, the entire network of Lord & Taylor and 83 Saks Fifth Avenue locations have been compromised. The majority of the stolen credit cards appear to have been from New York and New Jersey locations.

Hackers appeared to implant a software into the cash register systems at the stores that compromised the customer’s financial data from approximately May 2017 through March 2018. The Hudson’s Bay Company states that its online platforms have not been affected by the data breach.

At this moment, it’s unclear how exactly the malware got into the retail chains’ register systems, but according to Gemini, most likely the hackers send phishing emails that encouraged Hudson’s Bay employees to open them and click on a link or an attached file that secretly installed the malware on the work computers, giving the hackers access into the customer data.

So far, the hackers have offered 125,000 cards for immediate sale online, and may offer more for sale in the future. With the amount of compromised financial records, this data breach could be amongst the biggest and most damaging to ever affect a retail company.

The potential damage to cardholders may be significantly high in the Saks, Lord & Taylor data breach. Since cardholders who frequently shop at high-end retail stores like Saks Fifth Avenue are more likely to purchase expensive items, it will be extremely difficult for banks to identify unusual shopping patterns and block fraudulent transactions, allowing criminals to abuse stolen cards and remain undetected for a long period of time.

Our experienced attorneys can help you determine if you are eligible for a Saks, Lord & Taylor data breach lawsuit. There is no cost or obligation if you contact us – we want to help you get the best legal representation available.

What is a data breach?

A data breach is an event when sensitive, protected and confidential personal data has been potentially accessed, stolen and used by an unauthorized person. Some of the data breach incidents involved personal healthcare documents, intellectual properties, trade secrets and personal identifiable data, such as SSNs, dates of births, drivers’ licenses, etc.

What is a data breach lawsuit?

When a company fails to adequately protect its consumers’ personal information, and fails to timely warn its consumers about the data breach, those affected may be able to file a class action lawsuit against the company.

Depending on the severity of the damages a person experienced after the data breach, an individual might be eligible for a substantial monetary compensation for the loss of the finances, privacy, reputation and credit score.

Over the past years, data breach incidents have only been increasing. But, fortunately, many data breach victims get compensation for the damages they experienced through multimillion-dollar data breach lawsuit settlements.

Anthem

Date of data breach: January 2015
Impact: 80 million consumers
Brief Details: Anthem is an American health insurance provider. During the breach, hackers obtained sensitive personal information, such as: names, dates of birth, social security numbers, and health-care ID numbers.
Settlement Amount: $115 million

Target

Date of data breach: 2013
Impact: over 100 million customers
Brief Details: Target is the second largest retail store chain in the U.S. The documents that were accessed during the breach included 42 million credit and debit card numbers, plus the names and addresses of 61 million customers.
Settlement Amount: $18.5M for states, $10M for consumers

Home Depot

Date of data breach: 2014
Impact: 50 million cardholders
Brief Details: Home depot is an American home improvement retail chain. During the breach, hackers compromised 40 million credit card numbers, and over 52 million email addresses.
Settlement Amount: $19.5 million to consumers, and $25 million to banks and credit card companies

Sony Interactive Entertainment: PlayStation

Date of data breach: 2011
Impact: 77 million user accounts
Brief Details: Sony Interactive Entertainment is a global leader in digital entertainment, that produces a world-famous game console Sony PlayStation. During the data breach of 2011 names, addresses and possibly credit card data of over 77 million users were compromised.
Settlement Amount: $15 million

Our experienced attorneys can help you identify the damages that you suffered after an Saks Fifth Avenue and Lord & Taylor data breach, and help you receive the compensation you deserve.

Our lawyers have over 100 years of combined experience litigating complex lawsuits. NastLaw attorneys fight for victims, so you can be assured that you will receive vigorous and aggressive representation.

We represent clients across the country, and our lawyers are recognized as some of the top in the country for their dedication to their clients and track record of results.