Michaels Stores investigating data breach

IRVING, Texas – Michaels Stores is investigating a possible company data security breach that may have affected its customers’ payment card information, the company said Saturday.

The Irving, Texas, company said it launched the probe after learning of possible fraudulent activity on some U.S. payment cards used at the home decor and crafts retailer.

Michaels Stores Inc. is working with federal law enforcement and data security experts, but has yet to confirm that its systems were compromised.

CEO Chuck Rubin suggested that Michaels customers take steps to protect themselves, such as reviewing their account statements for unauthorized charges.