Home Depot Confirms Credit Card Hack
Yesterday, Home Depot confirmed a breach of its payment data system that may affect any customer who used a debit or credit card since April.
Since Home Depot has nearly 2,000 stores in the United States and another 180 in Canada, this could end up being one of the largest retail hacks in history. Investigations into this breach began last Tuesday when a substantial number of debit and credit cards began appearing on a site where card numbers are illegally sold.
“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,” said Frank Blake, chairman and CEO, in a statement.
The company is offering free identity protection and credit monitoring to any customer who used a debit or credit card at Home Depot since April. Any consumer wishing to take advantage of these services can do so here.
In a filing with the Securities and Exchange Commission yesterday, Home Depot said it plans to implement chip and PIN technology on its credit cards by the end of the year.
In an advisory released on August 22, the Department of Homeland Security estimates more than 1,000 businesses have been affected by the same “Backoff” malware that led to the Target breach. The malware targets the point-of-sale systems and is able to copy the personal security information from the transaction.
This is the latest in a long line of data breaches that have taken place at major retail companies, including Target, Neiman Marcus, Michaels, P.F. Chang’s, Dairy Queen, UPS Stores, Sally Beauty, and Supervalu and Albertsons grocery stores.