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Home Depot breach tops Target, with almost 60 million cards affected

The recent Home Depot breach has led to 56 million potential victims, with stores across the country targeted

Michael Hatamoto | Sep 20, 2014 at 01:29 pm CDT (0 mins, 44 secs reading time)

The recent Home Depot breach has proven to be larger than retailer Target's breach late last year, with as many as 56 million credit card at risk. Former employees accuse the company of leaving data vulnerable, a charge that executives have denied, but there were alarm bells reportedly dating back to 2008. An estimate of the stolen data, which is becoming available online, could lead to $3 billion in illegal purchases over time.

Home Depot breach tops Target, with almost 60 million cards affected | TweakTown.com

This is a huge bungle by Home Depot," noted Jeff Macke, Yahoo Finance analyst. "It's more than an inconvenience... it's a huge, ridiculous hassle. We need an upgrade of the whole cycle."

Indeed, security experts are calling on banks to embed credit cards with microchips rather than rely on magnetic strips. Home Depot uses EMV chip-based technology for Visa and MasterCard in Europe and Canada, and plans to introduce it into the United States later in 2014.

Last updated: Apr 7, 2020 at 11:48 am CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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