Home Depot breach cost credit unions almost $60M

 · Home Depot breach a near certainty, yet Backoff remains a question. I think they eat the cost. Or maybe it’s the individual banks.. My credit union sends me a.

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 · Home Depot To Pay $25M To Settle Banks’ Data Breach Claims.. a future data," and pay the costs of notice to eligible financial institutions and attorneys’ fees.. and credit unions hit Home.

WASHINGTON-The Home Depot data breach has cost credit unions almost $60 million, according to new data released by CUNA. That brings to $90 million the estimated costs to CUs when the Target breach is also factored in.

Hack victims are being offered a year’s worth of free identity protection and credit-monitoring services. in a series of security failures in the private sector – Home Depot, Target, and a.

 · A Closer Look At The Fallout From The Home Depot Data Breach. a group of banks and credit unions filed a consolidated class action complaint against Home Depot.

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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.

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Cost of a retail data breach: 9 million for Home Depot. 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 to cover damages suffered by the banks as a result of the breach.

The credit union national association says the breach of customer data at Home Depot earlier this year cost Ohio credit unions more than a million dollars. The Columbus Dispatch reports Ohio.