UPDATE 1-Genesco says payment processing network hacked

* Says certain card details may have been compromised

* Says payment process for Journeys unit affected

Dec 10 (BestGrowthStock) – Genesco Inc (GCO.N: ) said a part of its
computer system that processes payments for some of its popular
brands had been hacked into and it was possible that certain
details of cards used might have been compromised.

The shoe and hat retailer said the extent of the intrusion
is not known, but it took immediate steps to secure the
affected part of its network.

The news comes just days after credit card giants
MasterCard (MA.N: ) and Visa (V.N: ) came under intense cyber
attack as supporters of WikiLeaks retaliated for moves against
Julian Assange following the release of U.S. diplomatic cables.

Genesco said it believes the intrusion has been contained
and that customers can now safely use their credit and debit
cards.

“We recommend that our customers review their card
statements and other account information carefully and
immediately notify their card issuer if they suspect fraudulent
use,” Genesco Chief Executive Officer Robert Dennis said in a
statement.

The company said the affected network processed card
transactions for its United States Journeys, Journeys Kidz, Shi
by Journeys and Johnston & Murphy stores, and for some of its
Underground Station stores.

Shares of the company closed at $38.66 on Thursday on the
New York Stock Exchange.
(Reporting by NR Sethuraman in Bangalore; Editing by Jarshad
Kakkrakandy)

UPDATE 1-Genesco says payment processing network hacked