Home Depot Data Breach Investigation Update
Stueve Siegel Hanson is conducting an investigation of a security breach of customer data at Home Depot stores nationwide. On September 8, 2014, Home Depot confirmed that its customer data had been compromised and any customer who used a credit or debit card in its U.S. stores since April 2014 could be affected by the breach.
The possibility of a data breach was first raised by cyber security reporter Brian Krebs, who reported that multiple banks had seen evidence that Home Depot may be the source of stolen customer credit and debit cards put up for sale on internet black markets. According to Krebs, the hackers used variants of the same malicious software responsible for cyber-attacks on Target stores last December.Update
Calling it an “outstanding result for the class in a case with a high level of risk,” the United States District Court for the Northern District of Georgia approved the settlement for consumers against The Home Depot, Inc., on August 24, 2016. Stueve Siegel Hanson Partners Norman Siegel and Barrett Vahle were lead counsel on the case, assisted by SSH Associate Austin Moore.
The settlement resolves consumer claims related to the 2014 data breach that compromised the payment card information of 40 million U.S. Home Depot consumers. The settlement creates a cash fund of $13 million for customers who suffered out-of-pocket losses and provides 18 months of Identity Guard Essentials monitoring services. The settlement also compels Home Depot to improve its data security including appointing a Chief Information Security Officer, conducting regular security risk assessments, and enhancing encryption for all debit and credit card transactions in Home Depot stores.
Claims will be accepted through October 29, 2016, through the settlement website: Home Depot Breach Settlement
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