> Michaels Investigates Possible Data Breach

Hard on the heels of Target and Neiman Marcus being hit with point-of-sale cyber-heists, another retailer is warning of a potential data breach. The arts-and-crafts supply purveyor Michaels has confirmed that it is working with the US Secret Service to investigate whether fraudulent activity on some payment cards used at its stores is a sign of a larger compromise of its systems.