Home Depot facing 44 lawsuits over data breach

first_imgHome Depot is facing at least 44 civil lawsuits in the U.S. and Canada due to the home-improvement chain’s massive data breach earlier this year, according to reports.Home Depot is also under investigation by various state and federal agencies as it continues to investigate the data breach on its end as well as its financial impact. Fox Business reported that the company acknowledged that it may still identify other data that were stolen.To help prevent future cyber attacks, the company says it has recently completed a project that encrypts consumers’ card data at the store’s point-of-sale networks throughout the U.S. The company is also working to implement EMV technology throughout its stores.In a statement on its third-quarter results released last week, Home Depot reported $28 million in pretax expenses as a result of the data breach.Data breaches and cyber attacks are showing no signs of slowing down. Cybersecurity experts are predicting a “surge in attempted attacks” this holiday season, according to The Wall Street Journal. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more