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

Discussion in 'CSO' started by RSS, Mar 8, 2016.

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    RSS New Member Member

    Home Depot has agreed to pay as much as $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.

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