The Home Depot, Inc. (HD) Confirmed The Data Breach And Stated That Customers Will Not Be Responsible For Fraudulent Charges

The Home Depot (HD)

The Home Depot, Inc. (NYSE:HD), one of the leading home improvement retailers operating in America, confirmed on Monday that its data system has been breached. The customers of The Home Depot, Inc. (NYSE:HD), who have used their debit and credit cards at its stores in Unites States and Canada, may be affected due to this security breach. According to official news release, online customers and customers in Mexico are not affected because of this breach.

Chairman and CEO of the company stated that,

“We apologize for the frustration and anxiety this causes our customers, and I want to thank them for their patience and support as we work through this issue…., We owe it to our customers to alert them that we now have enough evidence to confirm that a breach has indeed occurred. It’s important to emphasize that no customers will be responsible for fraudulent charges to their accounts.”

At the beginning of September, krebsonsecurity.com reported that several banks detected evidence of data breach in Home Depot stores.

The Home Depot (HD)

According to Reuters, this breach case may affected 2,200 Home Depot Stores. Earlier, The Home Depot, Inc. (NYSE:HD) spokesperson Paula Drake confirmed in an emailed statement that,

“I can confirm we are looking into some unusual activity and we are working with our banking partners and law enforcement to investigate, …, Protecting our customers’ information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers. If we confirm that a breach has occurred, we will make sure customers are notified immediately. Right now, for security reasons, it would be inappropriate for us to speculate further – but we will provide further information as soon as possible.”

The Home Depot, Inc. (NYSE:HD) sells various home improvement and building products. The company operates 2,263 stores in America as of March 13,2014. The company has 365,000 full time employees. The company has a market cap of $122,2 billion, P/E ratio of 23.09 and dividend yield of 2.3%. The company lost 1.8% since the beginning of September, 2014.

Related News:

“The Home Depot, Inc. (HD) Might Have a Data Breach in All the Stores”

“The Home Depot, Inc. (HD) Investigating Customer Data Breach Claims”

 

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