Home Depot Breach Costs CUs $60M

Nicholas Ballasy reports:

The Home Depot data breach cost credit unions almost $60 million, nearly twice as much as the Target breach, according to survey results released by CUNA Thursday.

In the survey conducted from Oct. 1 to Oct. 24, 835 credit unions reported that 7.2 million credit union debit and credit cards were affected by the breach.

CUNA said the average cost for each violation was $8.02 per card due to fraud, reissuing cards and related costs.

Read more on CreditUnion Times.

About the author: Dissent

Comments are closed.