Staples Latest Company To Investigate Data Breach

Krebs On Security reported that Staples, Inc. (NASDAQ: SPLS) may be a victim of a data breach. Brian Krebs wrote that sources close to him revealed a pattern of credit and debit card fraudulent transactions that may trace back to several Staples locations in the Northeastern United States.

"Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," Mark Cautela, a Staples spokesman said in a statement. The spokesman reassured the public that customers will not be responsible for any fraudulent activity if it is reported in a timely manner to their financial institution.

If Staples is indeed a victim of a data breach, its name will be added to a growing list of retailers like Home Depot and Target that have been similarly victimized.

Shares of Staples were trading lower by 1 percent at $12.16 Tuesday morning.