Security of Fred’s credit card system compromised

Security of Fred's credit card system compromised

“Fred’s Inc. recently became aware of a potential data security incident and immediately launched an internal investigation to determine the scope of the issue. We retained Mandiant, a leading independent forensics firm, to examine our data security systems.

We want to assure our customers that protecting their information is one of our top priorities and we are taking this potential incident very seriously. Until this investigation is completed, it will be difficult to determine with certainty the scope or nature of any potential incident, but we will continue to work vigilantly to address any potential issues that may affect our customers.”

If you have shopped at any of the Fred’s locations in the Mid-South, your credit card information may be compromised. Fred’s says the best advice is to keep a close eye on your bank statements.

There are few details about which stores are affected, but the possible breach was first reported by cybersecurity journalist Brian Krebs, who has correctly reported dozens of corporate data breaches over the last year.

Fred’s confirmed its investigation to Krebs last week and issued the following statement:

“Fred’s Inc. recently became aware of a potential data security incident and immediately launched an internal investigation to determine the scope of the issue. We retained Mandiant, a leading independent forensics firm, to examine our data security systems.

“We want to assure our customers that protecting their information is one of our top priorities and we are taking this potential incident very seriously. Until this investigation is completed, it will be difficult to determine with certainty the scope or nature of any potential incident, but we will continue to work vigilantly to address any potential issues that may affect our customers.”

The breach seems to have come from malware installed directly on the company’s point-of-sale systems.

Fred’s operates more than 650 locations, primarily in the Southeast.

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