Home Depot spent $43M on data breach in one quarter alone

[InfoSec News <alerts () infosecnews org>]

http://www.computerworld.com/article/2852179/home-depot-spent-43m-on-data-breach-in-one-quarter-alone.html

By Jeremy Kirk
IDG News Service
Nov 25, 2014

Home Depot spent $43 million in its third quarter dealing with the fallout 
of one of the largest ever data breaches, highlighting the costly nature 
of security failures.

The retailer said in a regulatory filing on Tuesday that it expects $15 
million of that cost will be reimbursed by a $100 million network security 
and privacy liability insurance policy.

The $43 million was spent on investigations, providing identity theft 
protection services to consumers, increased call center staffing and other 
legal and professional services.

Attackers stole 56 million payment card details and collected 53 million 
email addresses of people who shopped at Home Depot's stores between April 
and September in the U.S. and Canada. They gained access to Home Depot's 
network by using the login credentials of one of the retailer's vendors.

[...]



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