Home Depot breach cost credit unions almost $60M

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The Home Depot data breach cost credit unions almost $60 million, nearly twice as much as the Target breach, according to survey results released by CUNA Oct. 30.

Home Depot isn’t alone in blaming the supply chain for their breach. In 2015, Target agreed to pay $10 million in a settlement over a data breach it suffered in 2013 that affected 40 million cards. In that case, the criminals used compromised HVAC vendor credentials.

by: Nicholas Ballasy The Home Depot data breach cost credit unions almost $60 million, nearly twice as much as the Target breach, according to survey results released by CUNA Thursday. In the.

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The Home Depot data breach cost credit unions almost $60 million, nearly twice as much as the Target breach, according to survey results released by CUNA Thursday. In the survey conducted from Oct. 1 to Oct. 24, 835 credit unions reported that 7.2 million credit union debit and credit cards were affected by the breach.

A data breach is. banks and credit unions that have to issue new credit cards or reimburse consumers – filing class actions lawsuits to recoup their (alleged) costs and lost business. A recent.

Share This page home depot To Pay $25M To Settle Banks’ Data Breach Claims March 13, 2017 / Source: Law360 By allison grande. law360, New York (March 9, 2017, 12:17 PM EST)- Home Depot has agreed to pay $25 million and strengthen its data security practices to resolve a putative class action brought by financial institutions after a 2014 data breach that compromised 56 million credit and.

According to the annual compilation of breach statistics from 70 contributors, including law enforcement agencies, the almost 80,000 security. breaches have much lower costs per record than giant,

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