Sept. 2 (Bloomberg) — Home Depot Inc., the largest home- improvement chain, fell as much as 3.4% in New York trading after saying it was working with banks and law enforcement to investigate a possible data breach.
"We're looking into some unusual activity," Paula Drake, a spokeswoman for the Atlanta-based company, said in an emailed statement. "We are aggressively gathering facts at this point while working to protect customers. If we confirm that a breach has occurred, we will make sure customers are notified immediately."
Brian Krebs, the independent journalist who uncovered a hacker attack at Target Corp. last year, reported that a "massive" batch of stolen credit- and debit-card information went on sale this morning. There's evidence that the cards are linked to Home Depot stores, Krebs said on his website, KrebsOnSecurity.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.