Menu
Home Depot will pay up to US$19.5 million for massive 2014 data breach

Home Depot will pay up to US$19.5 million for massive 2014 data breach

It also agreed to hire a chief information security officer

Home Depot has agreed to pay as much as US$19.5 million to remedy the giant data breach it suffered in 2014, the company confirmed on Tuesday.

Included in that figure is a reported $13 million to reimburse customers for their losses and $6.5 million to provide them with one and a half years of identity protection services.

Home Depot was not required to admit any wrongdoing.

"We’re working to put the litigation behind us," spokesman Stephen Holmes said via email. "This was the most expeditious path, but it’s not an admission of liability."

Customers "were not responsible for fraudulent charges, and they’ve been our primary focus throughout," he said.

The retailer also agreed to improve its data security, including hiring a chief information security officer.

First disclosed by the retailer in late 2014, the breach included the theft of data pertaining to about 56 million payment cards, as well as 53 million email addresses, making it one of the largest to date.

Those affected shopped at Home Depot stores between April and September of that year in the U.S. and Canada. The attackers gained access to Home Depot's network using the login credentials of one of its contractors, it said at the time.

It was hit with more than 50 lawsuits as a result of the breach. They were consolidated into two suits each seeking class action status.

Last year, Target agreed to pay $10 million in a settlement over a data breach it suffered in 2013 that affected at least 40 million cards.

In all, Home Depot has reportedly booked $161 million in pre-tax expenses for the breach.

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments