On Sunday April 1, Retail group Hudson’s Bay disclosed that it was the victim of a security breach that compromised data on payment cards used at Saks Fifth Avenue and Lord & Taylor stores in North America.
As many as 5 million cards may have been compromised, which would make the breach one of the largest involving payment cards over the past year.
Customers, investors, and regulators learned of this breach not through any press release issued by the company itself, but through news of the data a