Home Depot will pay at least $19.5 million in data breach settlement

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.

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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.