Home Depot Agrees to Pay $25 Million in Data Breach Case
Atlanta, GA, March 13, 2017—Home Depot has agreed to pay $25 million to settle damages incurred by its 2014 data breach.
The money will go to financial institutions that have not already released their claims.
The breach left around 56 million customers exposed.
“It will also pay another $2.25 million to compensate certain entities whose claims had been released, and it will separately pay the costs of notice, administration and attorney’s fees and expenses,” reports Business Insurance.
Home Depot has reportedly increased security measures to reduce the risk of future breaches.
Last year, Home Depot reached a $19.5 million settlement with consumers impacted by the breach.