Blog | G5 Cyber Security

Michaels Breach: Fraudsters Sentenced

Eduard Arakelyan, 21, and Arman Vardanyan, 23, sentenced this week in connection with fraudulent transactions they made with compromised debit cards tied to the Michaels point-of-sale breach. The Michaels incident is one of the biggest breaches involving POS-device manipulation ever reported. In 2011, banking institutions reported tens of thousands of fraudulent transactions linked to consumers who had visited Michaels craft stores that were affected by the breach. Authorities say 952 debit accounts were affected.”]

Source: https://www.databreachtoday.com/michaels-breach-fraudsters-sentenced-a-4991

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