A quick visit to the local dollar store could save you lots of money on everyday household items, but if you shopped at Fred's Super Dollar recently, the trip could end up costing you big time. The discount chain is currently investigating a potential data breach that could have put customer credit card information at risk.
Security expert Brian Krebs is reporting that multiple financial institutions have noticed a pattern of fraud related to the purchases made at Fred's Super Dollar. It's likely the hackers managed to install malware on the point of sale systems at an unknown number of Fred's 650 locations.
Sources said it was unclear how many Fred’s locations were affected, but that the pattern of fraudulent charges traced back to Fred’s stores across the company’s footprint in the midwest and south, including Alabama, Arkansas, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Tennessee and Texas.
In response to the potential security breach at Fred's Super Dollar, the parent company, Fred's Inc., has hired cybersecurity company Mandiant to investigate the issue.
We want to assure our customers that protecting their information is one of our top priorities and we are taking this potential incident very seriously. Until this investigation is completed, it will be difficult to determine with certainty the scope or nature of any potential incident, but we will continue to work vigilantly to address any potential issues that may affect our customers.
It could take quite a while before that investigation is complete. That's why you need to take your security into your own hands and invest in credit fraud and identity theft monitoring.