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Home Depot Will Pay Up To $19.5 Million For Massive 2014 Data Breach (csoonline.com)

Posted by timothy on from the thanks-for-the-new-credit-card-again-and-again dept.

itwbennett writes: In remedy for the 2014 data breach that included the theft of data pertaining to about 56 million payment cards, as well as 53 million email addresses, Home Depot has reportedly agreed to pay $13 million to reimburse customers for their losses and $6.5 million to provide them with 18 months of identity protection services. And while the company was not required to admit wrongdoing, it has agreed to hire a chief information security officer.

1 of 66 comments (clear)

  1. Time for a new unique ID by bangular · · Score: 3, Interesting

    SSN was never intended to be a unique ID for things like credit. Its purpose was for social security. I think it's high time the government funded grants to pay our best mathematicians to come up with a new system. Maybe something involving a physical token. Not sure what such a system would look like, but it's obvious SSN for credit and medical purposes is broken. Hell, SSN isn't even guaranteed to be unique!