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.
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