Two weeks ago Home Depot launched an investigation after it was alerted that its customers’ credit and debit card information was stolen and was on sale in the cybercrime underground. Possible attackers were a group of Russian and Ukraine hackers. There was a possibility that customers’ data was stolen from almost all the Home Depot stores in the United States. The amazing thing is that even a formal, thorough investigation into a possible data breach often does not reveal conclusive information! We must adopt chip-reading technology and other latest security measures to prevent these breaches. Companies cannot afford to be lax; they stand to lose too much in revenue, brand reputation, etc.
http://www.theguardian.com/business/2014/sep/03/home-depot-customer-data-breach-all-stores-security
...and this case follows the format of all the other companies whose security was breached - first denial, followed by we're investigating, then finally admittance! Home Deport has confirmed a data breach took place, potentially impacting their customers using payment cards at its U.S. and Canadian stores.
ReplyDeleteCompanies need to be more invested in their security. Home Depot joins a growing list of retailers who experienced security breaches. The recent Target breach should have been a serious warning for these major retailers like Home Depot and others. Let's see if others will learn from this breach.
http://www.bna.com/attorneys-general-launch-n17179894898/