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

Home Depot agreed to pay at least $19.5 million over its massive credit card data breach in 2014 that impacted more than 50 million cardholders, an article in Reuters by Jonathan Stempel stated.

Anthem agreed late Friday to pay $115 million to settle U.S. lawsuits around a data breach that hit the company. Members will receive at least $36, or up to $50 in some instances, according to the.

Home Depot has agreed to pay a sum of $19.5 million to settle a lawsuit regarding a 2014 data breach that exposed consumer credit card data.

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That’s a projection based on the $115 million Anthem Inc. agreed to pay in June. previous data-breach lawsuits have settled for a fraction of that amount, Taylor noted. Home Depot Inc. last year.

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Last year, Home Depot said it had set aside $161 million to cover the cost of the breach, but with this $25 million settlement, the total sum will now be significantly higher. In addition to settling with financial institutions and customers, Home Depot also paid at least $134.5 million to a consortium made up of Visa, MasterCard, and various.

Consider this: Home Depot had to pay out at least $19.5 million to compensate US customers following a 2014 data breach and hire a CISO, as a part of its settlement to oversee better cybersecurity.

Home Depot settles consumer lawsuit over big 2014 data breach. (Reuters) – Home Depot Inc ( HD.N) 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.

(Reuters) – Home Depot 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.

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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.

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.