Tuesday March 08, 2016

Home Depot Settles 2014 Data Breach Consumer Lawsuit

I'm not a mathematician but a $13 million fund to repay shoppers for out-of-pocket expenses and a $6.5 million fund for credit monitoring sounds great until you remember 50+ million people were effected by this breach. frown

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 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.

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