According an an article in the Wall Street Journal, the humongous data breach at Home Depot is resulting in some 44 civil suits. Protect your data. Security, including business research and background checks, are vital to maintaining functional processes and protecting against breaches that may result in liability issues.
Home Depot reports that it faces at least 44 civil lawsuits in the U.S. and Canada related to a widespread data breach at the home-improvement retailer earlier this year. The company — which is also under investigation by several state and federal agencies — says its investigation of the breach continues, and it is still assessing its financial and other impacts. In a bid to prevent future attacks, Home Depot has completed a project that encrypts customer credit-card data at the point of sale in all of its U.S. stores. It also expects to roll out the encryption system to its Canadian stores by early next year. Additionally, Home Depot says its U.S. stores will soon have EMV chip-and-PIN technology, which helps authenticate transactions with debit and credit cards. The company revealed earlier this month that 53 million customer emails were stolen in a cyberattack that had also compromised an additional 56 million customer credit-card accounts, an intrusion the retailer had previously disclosed in September. The breach resulted in $28 million of pretax expenses in the most recent earnings period.
