Home Depot to pay $19.5M to settle consumer claims in 2014 breach

By Erin Ayers on March 15, 2016

HomeDepotElizabeth200x200Home Depot will pay up to $19.5 million to settle consumer class action lawsuits filed over the home improvement retailer’s 2014 data breach, according to documents filed in federal court.

 The 2014 breach involved the exposure of up to 56 million payment cards as well as 53 million email addresses. Hackers used stolen credentials from a third-party vendor to access Home Depot’s system and then deployed malware to self-checkout systems at stores in the US and Canada, the retailer stated in a 2014 press release.

 Read the full story

This story in an excerpt of the original. The content originally appeared in Cyber Front Page News. To read the whole story, you must be a subscriber. Subscribe now.

erin.ayers@zywave.com'

Erin is the managing editor of Advisen’s Front Page News. She has been covering property-casualty insurance since 2000. Previously, Erin served as editor-in-chief of The Standard, New England’s Insurance Weekly. Erin is based in Boston, Mass. Contact Erin at [email protected].