Home Depot is now facing at least 44 lawsuits related to its massive data breach that it suffered earlier in 2014, along with several state and federal agencies investigating the incident. The data breach hit 56 million customers, with debit and credit card information at risk.
The company expects "significant legal and other professional services expenses" from the breach, while also facing lawsuit problems in the United States and Canada. The lawsuits were filed almost immediately after the breach was publicly disclosed, and it is possible others will be filed in the near future.
The breach was likely orchestrated by state-sponsored Russian hackers, with all of its retail stores impacted.