CVS Photo Site Reportedly Hacked: Everything You Need To Know
CBS Health Corp (NYSE: CVS)'s photo website, CVSPhoto.com, may have been hacked on Friday.
CNBC reporter Eamon Javers tweeted at 12:34 p.m. ET that, "CVS is "temporarily shutting down access to online + related mobile photo services" after apparent vendor hack."
A CVS public relations person declined to comment when asked by Benzinga on the matter. CNNMoney reported that the company said customer credit card data "may have been compromised." CVS's photo business acts separately from the company's medical business.
PNI Digital Media Worth Watching
CNNMoney said Staples, Inc. (NASDAQ: SPLS) subsidiary PNI Digital Media, a Vancouver-based firm, is the contractor that runs CVSPhoto.com; PNI told CNNMoney it's "investigating a potential credit card data security issue."
Staples was the target of a major credit card breach in December 2014. Interestingly, shares of Staples were down more than 3 percent on Friday, recently trading near the lows of the day at $14.85.
Also of note, The Huffington Post reported on Monday that the photo processing service of Wal-Mart Stores, Inc. (NYSE: WMT)'s Canadian division potentially experienced a data breach. That site is also operated by PNI, which told the outlet it couldn't confirm any breach at that time.
PNI's official website states retailers currently serving as retail clients include CVS, Walmart and Walgreens Boots Alliance Inc (NYSE: WBA). A Wallgreens spokesperson confirmed as of 2:00 p.m. ET Friday, its photo unit had not experienced a breach.
Spokespersons at Target and Rite Aid told Benzinga they were not affected by word of the apparent hack.
CVS shares were nearly unchanged on the day, recently trading at $110.30.
Cybersecurity stocks such as FireEye Inc (NASDAQ: FEYE) and Cyberark Software Ltd (NASDAQ: CYBR) have received a lot of attention over the past year. FireEye is up more than 40 percent in that time, while CyberArk is up 88 percent.
PureFunds CEO Andrew Chanin, which manages the PureFunds ISE Cyber Security ETF (NYSE: HACK), recently told Benzinga that he "expects the sector's investment floor to be lifted as investors realize the need not only for these firms' services, but to hedge their investment in other areas of the market."
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