Credit Card Data Safe Says ACME Markets Parent

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AB Acquisition LLC, which operates ACME Markets and several other grocery store chains across the United States, added an update to their announcement Thursday that customer’s credit and debit card information might have been stolen.

In a press release Friday afternoon, less than 24 hours after first announcing the breach, company officials said it had, “no evidence of any misuse of any such data” and that ACME customers, “can safely use their credit and debit cards in its stores.”

According to the updated statement, company and law enforcement officials will continue to investigate the incursion and post any updates on ACME Market’s press page here.

The Wall Street Journal had this take on ACME Markets’ data breach and the rash of similar attacks confronting United States’ grocers and retailers:

“The latest breach . . . shows consumers remain vulnerable to the loss of personal information while banks and retailers make the slow and costly swap of millions of computer terminals and more than one billion cards tucked into Americans’ wallets. Americans carry fewer than 50 million chip cards, according to industry estimates.”

And a description of the modified chip cards which experts say would all but end the attacks:

A chip card has a small computer chip embedded on the front, in addition to the magnetic stripe on the back. While traditional magnetic strips contain static data, such as a customer’s account number, the chip scrambles data as the transaction occurs. Such technology wouldn’t prevent a breach, but it would make the card data essentially useless for thieves, who typically take the information and produce counterfeit cards.

The Journal goes on to state the chip cards already have been used in Europe, Asia and Canada for years, “resulting in a steep drop in card fraud.”

The entire Wall Street Journal article describing the data breach and how the retail industry is responding to the rash of similar attacks here.

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