Supervalu Hacked and Customer Data May Have Been Stolen

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

SVU - Cub Foods store
Supervalu Inc.
Supervalu Inc. (NYSE: SVU) reported early Friday morning that some of its food and liquor stores suffered a “criminal intrusion” of the computer network that processes payment card transactions. The breach may have resulted in the theft of account numbers and, in some cases, other private user information. The company also said that the data may have been stolen between June 22 and July 17 at 180 of Supervalu’s 3,320 stores.

The company said it had retained third-party data forensics experts that are continuing to work with store staff to understand “the nature and scope of the incident.” Supervalu did say that it believes the intrusion has been contained and that the company “is confident that its customers can safely use their credit and debit cards in its stores.”

The company offered no detailed information on the number of card accounts affected by the intrusion but said the breach was “quickly contained” by its internal staff. A similar incident last fall at Target Corp. (NYSE: TGT) stores resulted in the theft of 40 million card numbers and personal information on 70 million Target shoppers.

Target has had some difficulty regaining its footing following the theft of its customers’ data. Supervalu is a much smaller company, with a market cap of around $2.5 billion compared with Target’s value of nearly $37 billion. If Supervalu’s customers avoid its stores, the impact could be greater than the lost sales that Target experienced last year.

Supervalu is the country’s seventh-largest grocery chain and the intrusion affected payment card data at the company’s Cub Foods, Farm Fresh, Hornbacher’s, Shop ’n Save, and Shoppers Food & Pharmacy stores.

Supervalu’s shares were trading down nearly 3% shortly before noon on Friday at $9.30, in a 52-week range of $5.38 to $9.64. The high was posted about two weeks ago, and the stock came within a penny of the high on Thursday.

ALSO READ: Companies That Control the World’s Food

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618