Saks Joins Lord & Taylor in Facing Class Action Litigation Over Data Breach Affecting 5M Consumers [UPDATE]
Last Updated on March 15, 2022
Sacklow et al v. Saks Incorporated
Filed: April 11, 2018 ◆§ 3:18cv360
A lawsuit claims Saks did too little in safeguarding the payment information of Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor customers.
Case Updates
March 15, 2022 – Lawsuit Settled
The parties in the case detailed on this page reached a settlement that received the court’s preliminary approval in July 2021.
ClassAction.org’s full write-up of the settlement can be found here.
In the wake of the proposed class action filed April 6 against Lord & Taylor over the “Joker’s Stash” data breach, Saks Incorporated now finds itself facing a lawsuit in which two plaintiffs allege the company failed to take reasonable measures to protect customers’ financial data.
On April 1, Saks made public that credit and debit card information for Saks Fifth Avenue, Saks OFF 5th, and Lord & Taylor customers had been stolen by hackers and made available on the dark web. According to the lawsuit, Saks’ failures in safeguarding customer data amounts to a “knowing violation of its obligations to abide by best practices” and industry standards for payment system security.
“Saks failed to comply with security standards and allowed its customers’ financial information and other private information to be compromised by cutting corners on security measures that could have prevented or mitigated the security breach that occurred,” the plaintiffs allege.
The lawsuit claims Saks became aware of the data security issue almost a year after bad actors began collecting its customers’ payment information.
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