Fashion retailer Forever 21 confirmed investigation details of a 2017 breach involving unauthorized payment card data access at an undisclosed number of its stores due malfunctioning encryptions on POS devices.
The payment card security incident, first reported on November 14, 2017, centers on Forever 21's payment processing system and its encryption technology.
After receiving a report from a third party in mid-October 2017 suggesting there may have been unauthorized access to payment card data at certain Forever 21 stores, the Los Angeles-based retail chain said it immediately began an investigation. "We hired leading payment technology and security firms to assist," Forever 21 said in a statement.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
