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Home Depot Breach Cost CUs $60 Million

Home Depot Breach Cost CUs $60 million to reissue cards, deal with fraud and cover other costs. 7.2 million credit and debit cards issued by credit unions were affected by the Home Depot breach. On average, the cost of reissue a card by a credit union was approximately $8, which includes costs for reissuing, fraud and other costs such as additional staffing, member notification and account monitoring. Retailers say credit unions are falsely blaming retailers for cybersecurity gaps out of their control.”]

Source: https://www.cuinfosecurity.com/home-depot-breach-cost-cus-60-million-a-7504

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