Home Depot, the DIY retail giant that was robbed of the payment card details of 40 million customers in 2014, has settled a class action consumer lawsuit, agreeing to pay $13 million in cash compensation, spend $6.5 million on ID theft protection and adopt a series of measures to tighten its security. According to settlement papers filed this week and approved by a federal judge Wednesday, customers who had their personal or financial information compromised and registered last year to be part of the class can get reimbursed for losses from the massive data breach of up to $10,000 each. The restitution covers: any still-unreimbursed fraudulent charges on cards with stolen data; the costs and expense of identity theft or fraud; any losses losses caused by restricted access to funds like the costs of taking out a loan, or ATM withdrawal fees; and preventative costs against ID fraud like buying credit monitoring. Home Depot also agreed […]
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