Home Depot has agreed to pay affected banks $25 million in damages, and tighten its cybersecurity and vendor scrutiny, in a recent settlement involving its 2014 data breach, Fortune reports. The.
Target paid $10 million to settle suits related to that breach, and while Home Depot will pay about $19.5 million to settle its suit, that is only a fraction of what the actual costs are. Home Depot has said that the breach has cost the company $161 million in charges since it occurred.
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.
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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, and spend at least $6.5 million to fund 1-1/2 years of cardholder identity protection services.
Cost of a Retail Data Breach: $179 Million for Home Depot. – Last year, Home Depot agreed to pay out $19.5 million to customers that had been affected by the breach. 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.
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.
Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul S&P/Case-Shiller: U.S. home prices fall 2.4% freddie Mac (OTCQB: FMCC) today released the results of its Primary mortgage market survey (pmms), showing that mortgage rates moderated after rising in April. 30-year fixed-rate mortgage (FRM) averaged 4.10% with an average 0.5 point for the week ending May 9, down from last week when it averaged 4.14%.Obama Scorecard: foreclosure programs aid 1.4 million homeowners Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners. 1.4 million borrowers have obtained permanent loan modifications, but about 400,000 of them have already re.By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. Facebook Twitter Email Print Will Obama push housing reform in SOTU? – Not expected this.Freddie Mac: Mortgage rates posts little change Last year at this time, 30-year mortgage rates averaged 6.47 percent. Freddie Mac said rates were largely unchanged because the most recent economic news showed smaller-than-expected increases.
Home Depot agreed to pay $25 million to a number of banks in a settlement over the home improvement retailer’s 2014 data breach that impacted more than 50 million consumers. The details come.
Read Next. 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.
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.