Wednesday, 26 April 2017

Chipotle Says Its Payments System Was Hacked

Chipotle Mexican Grill cannot catch a break. Just as the fast-casual chain reported that sales have rebounded after a prolonged slog in the wake of a food safety outbreak, executives told Wall Street analysts that the company’s payment processing system was hacked. “We want to make our customers and investors aware we recently detected unauthorized activity on a network that supports payment processing for purchases made in our restaurants,” chief financial officer Jack Hartung told analysts during an investor presentation. He said that Chipotle (CMG, +3.67%) had implemented additional security measures, actions it believes stopped the unauthorized activity, which the restaurant chain estimates occurred between March 24 through April 18. Chipotle says it is also working with a cyber security firm, law enforcement, and the payment processor to address the matter.

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ORIGINAL SOURCE: Fortune

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