Home Depot will pay a minimum of $19.5 million to settle consumer lawsuits filed after a data breach exposed the personal data of more than 50 million of its customers in 2014. The settlement also includes a requirement for the company to improve its data security efforts and to hire a chief information security officer.
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Last year, Home Depot said it had set aside $161 million to cover the cost of the breach, but with this $25 million settlement, the total sum will now be significantly higher. In addition to settling with financial institutions and customers, Home Depot also paid at least $134.5 million to a consortium made up of Visa, MasterCard, and various.
Home Depot settles data breach consumer lawsuit (Reuters) — Home Depot Inc. agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50.
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The home improvement chain’s settlement totals at least $19.5 million — $13 million of which will compensate shoppers for the losses in connection with the data breach and around $6.5 million for.
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(Reuters) – Home Depot agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer.
Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach , which exposed payment card information from more than 50 million customers.
Home Depot will pay at least $19.5 million in data breach settlement HSBC agrees to $765 million settlement with DOJ over pre-crisis mortgages ben lane is the Managing Editor of HousingWire.
Home Depot will pay at least another $19.5 million in compensation to customers affected by its massive 2014 data breach, as part of a $161m pot of pre-tax expenses it has set aside, according to new court documents. The papers filed with a federal court in the firm’s home city of Atlanta disclose.
Home Depot has agreed to pay at least $19.5 million to settle consumer lawsuits brought over a massive 2014 data breach that exposed more than 50 million customers’ data, according to multiple.
Home Depot has agreed to pay a sum of $19.5 million to settle a lawsuit regarding a 2014 data breach that exposed consumer credit card data.