Sears Owned Kmart Discloses Data Breach

It was Friday afternoon, October 10, when Sears quietly announced via a filing with the Securities and Exchange Commission that one of their brands, Kmart, had suffered a data breach. It appears based on the information that they’ve shared that Kmart's point of sale systems were compromised by malicious software. Kmart has discovered themselves in the unenviable position of being shoulder to shoulder with companies such as Home Depot, Target, Dairy Queen, Neiman Marcus and other firms who have also suffered this fate. I fear that we are a long way from seeing the end of these types of announcements.