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Tag Archives: security

Home Depot to Pay Another $25M in Data Breach Settlement

data breach

Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach, which exposed payment card information from more than 50 million customers. …

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Retail Inventory Shrinkage Up in 2015

According to the 2016 National Retail Security Survey (NRSS), conducted by the National Retail Federation and the University of Florida, retailers’ inventory shrink averaged 1.38 percent of retail sales, or $45.2 billion in 2015, up by $1.2 billion from 2014. …

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E-Commerce Driving Retail Fraud Loss

Loss prevention is top of mind year-round for most retailers, but businesses may be more susceptible to retail fraud now than ever before. The National Retail Federation (NRF) reported findings from the 2015 True Cost of Fraud Study from LexisNexis, which …

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Big-Box Retailers Settle on Data Breaches

Data Breach

For big-box retailers Target and Home Depot, their widely publicized data breaches continue to be a topic of discussion, and both are coming to agreements to pay for the costly hacks to consumers’ information. Target will pay about $39 million to …

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Home Depot’s Sales Rise in Q2

The Home Depot today reported sales growth for the second quarter of 2015. The retailer had sales of $24.8 billion, for a 4.3 percent increase above the second quarter of fiscal 2014. Comparable U.S. store sales for the second quarter of …

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Target Agrees to $10 Million Settlement in Data Breach Lawsuit

Consumers who were victims of the Target data breach of 2013 may soon receive compensation for any financial losses they faced. On Thursday, March 19, a judge gave the preliminary approval for a $10 million settlement of a lawsuit filed by customers of Target, …

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National Data Breach Legislation Proposed

After data breaches repeatedly made headlines this past year, an American lawmaker is pushing for national legislation outlining how companies should react to hackers stealing customer information. “Data theft is a real and serious threat facing American families,” Rep. Michael Burgess of Texas says in an article from the …

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Hello, Smart Home: Look Forward to More Tech and More Data Breaches

New home technology and more tech hacking are among 2015’s prospects, according to an article from NBC News. The technology that home improvement retailers sell aren’t exempt from the technological advances and risks. “Everyone’s looking at the home through the lens of connectivity …

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