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How Will Home Depot Consumer Settlement Affect Banks?

Home Depot’s $19.5 million settlement with consumers affected by 2014 payments breach is unlikely to have much impact on a pending class-action suit filed by banking institutions against the big box retailer in May 2015 to recoup breach-related expenses. The breach was caused by the compromise of a third-party vendor’s credentials that were used to launch a point-of-sale malware attack against the retailer’s payments system. 40 million consumers had their payment cards compromised in the Home Depot breach, and some 53 million had their email addresses compromised.”]

Source: https://www.cuinfosecurity.com/how-will-home-depot-consumer-settlement-affect-banks-a-8953

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