retail news in context, analysis with attitude

The Associated Press reports that Home Depot has confirmed that its payment security systems were breached by hackers beginning in April 2014, and that the problem could impact customers who had used credit cards or debit cards in its US stores since then.

According to the story, "The largest U.S. home improvement chain says it has not found evidence that debit card PINs were compromised, and nor that online customers or shoppers at stores in Mexico are affected. The company did not say how many cards might be affected, but did say that customers will not be held responsible for fraudulent charges to their accounts."

The New York Times reports that "the retailer said the exact number of customers affected was still not clear. But a person briefed on the investigation said the total number of credit card numbers stolen at Home Depot could top 60 million. By comparison, the breach last year at Target, the largest known attack to date, affected 40 million cardholders."

Home Depot said last week that it was investigating a possible breach, but this is the first time it has confirmed the hack.

The home improvement retailer is just the latest major manufacturer to report that its payment systems had been hacked. Similar problems have been reported by Target, Supervalu, and the PF Chang restaurant chain.
KC's View:
The more I read about this stuff, the more I think I should go back to cash. Or maybe bartering.