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· Home Depot settles consumer lawsuit over big 2014 data breach. (Reuters) – Home Depot Inc ( HD.N) 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.
Home Depot Settles Data Breach Lawsuit for $19.5M. 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 million cardholders. The home improvement retailer will set up a $13 million fund to reimburse shoppers for out-of-pocket losses,
Cost of a Retail Data Breach: $179 Million for Home Depot. The payout included the costs of providing credit monitoring services to breach victims. Home Depot has also paid out at least $134.5 million to credit card companies and banks, and this week, a further $25 million settlement has been agreed to cover damages suffered by the banks as a result of the breach.
The credit monitoring in the settlement is in addition to the two years of credit monitoring Anthem offered victims when it announced the breach. million to settle claims by 47 states in May, and.
Home Depot to Pay an Additional $25 Million in Data Breach Settlement Posted 14 March 2017 The home improvement supplies retailer who experienced a massive data breach in 2014, resulting in the exposure of more than 50 million customers personal information, has agreed to pay a settlement of $25 million for damages.
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.
· In addition to this week’s $25 million settlement, Home Depot has also paid at least $134.5 million in compensation to consortiums made up of Visa, MasterCard, and various banks.
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