Home Depot will pay up to $19.5 million for massive 2014 data breach

It also agreed to hire a chief information security officer.

By Katherine Noyes

Home Depot has agreed to pay as much as $19.5 million to remedy the giant data breach it suffered in 2014, the company confirmed on Tuesday.

Included in that figure is a reported $13 million to reimburse customers for their losses and $6.5 million to provide them with one and a half years of identity protection services.
Home Depot was not required to admit any wrongdoing.
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Source: http://www.csoonline.com/