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

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Home Depot has agreed to pay $25 million to the financial institutions affected by the massive data breach suffered by the retailer in 2014, when cybercriminals managed to steal email addresses and payment card data belonging to more than 50 million customers.. The retail giant will create a $25 million settlement fund that will be distributed among affected financial institutions.

Under the terms of the settlement, filed in the U.S. District Court for the Northern District of Georgia, Home Depot agreed to pay $13 million into the settlement fund and an additional $6.5 million to pay for 18 months of identity protection services for each class member who used a debit or credit card at a compromised checkout lane.

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NEW YORK — Home Depot has agreed to pay at least $19.5 million to compensate consumers harmed by its data breach back in 2014.In a preliminary settlement, the home improvement retailer has agreed.

Target close to settlement in massive security breach The Home Depot Inc. or Home Depot is an American home improvement supplies retailing company that sells tools, construction products, and services. The company is headquartered at the Atlanta Store Support Center in unincorporated Cobb County, Georgia (with an Atlanta mailing address).. It operates many big-box format stores across the United States (including all 50 states, the District of.

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