Data breach lawsuits follow familiar pattern after hack
If retail giant Target is any guide, Atlanta-based Home Depot can expect dozens of lawsuits, many…
Georgia (Oct 20, 2014) — If retail giant Target is any guide, Atlanta-based Home Depot can expect dozens of lawsuits, many of them class-action filings, in the coming months in connection with the data breach it revealed in September…
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“Nobody wants to be the next Target,” said Herb Mattord, who teaches courses in information security and information systems at Kennesaw State University. Companies are now heeding advice to take breaches seriously and not trivialize them as a cost of doing business, he said.
The Home Depot breach, which was revealed in early September and had been going on since last spring, netted cyberthieves 56 million credit card numbers, a larger number than the 40 million credit- and debit-card data loss at Target. Home Depot’s hack was topped this month when banking giant JP Morgan Chase said it lost the personal information of 76 million customers over the summer.