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

Home Depot Settles Data Breach Lawsuit for $19.5M. 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,

Cost of a retail data breach: $179 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.

While the penalties from the FCRA claims could quickly add up to billions, previous data-breach lawsuits have settled for a fraction of that amount, Taylor noted. Home Depot Inc. last year reached a.

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(Reuters) – Home Depot Inc agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting. "favorably" with other data breach class actions, including.

Anthem to pay record $115 million to settle U.S. lawsuits over data breach. which lawyers said would be the largest settlement ever for a data breach.. and Home Depot Inc , which agreed to.

(Reuters) — 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.

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 · The total cost of the retail data breach is approximately $179 million, although that figure does not incorporate all legal fees that Home Depot must pay, and neither does it include undisclosed settlements. The final cost of the retail data breach will be much bigger. It is already getting closer to the $200 million mark.

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This is the largest data breach settlement in history.The previous year, in March 2016, Home Depot agreed to pay $19.5 million to consumers affected by its 2014 data breach ($13 million to reimburse shoppers for losses and $6.5 million toward identity protection services).

Home Depot has agreed to pay at least $19.5 million to settle consumer lawsuits brought over a massive 2014 data breach that exposed more than 50 million customers’ data, according to multiple.

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