Michaels Warns of Possible Payment Card Breach

Another national retailer is reporting a possible security breach of customer data.

The Michaels Arts and Crafts chain said its systems that process customer payment card information may have been hacked.

Michaels said they're working with federal officials to "determine the nature and scope of the issue."

They've also hired a private forensics company to investigate.

If the breach is confirmed, Michaels will join Target and Neiman Marcus as the third major retailer to be hacked over the past two months.