Michaels may have been hit by a security breach

CNN
Saturday, January 25, 2014 - 4:32pm

Arts and crafts retailer, Michaels, has some bad news for customers.

The company said today that it may have been hit by a security breach.

Michaels said it recently learned of "possible fraudulent activity" on some of its cusomters' payment cards.

CEO, Chuck Rubin, said the company has not confirmed a breach, but wanted to alert customers.

The company didn't say how many customers may be affected, when the shopped at the store, or if the possible braech affected in-store or online shoppers.

The news comes just weeks after retailers Target and Neiman Marcus acknowledged security breaches.

Michaels is advising customers to check financial statements for fraudulent activity. 

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