(Bloomberg) — Home Depot Inc.'s data breach, which put about 56 million payment cards at risk, has fed fraudulent transactions that in some cases have drained money from customer bank accounts, the Wall Street Journal reported.
Stolen information on credit and debit cards has been used to buy prepaid cards, electronics and groceries, the newspaper reported yesterday, citing unidentified people familiar with the attack's fallout. The amount and types of fraud are about the same as in other big breaches, the publication cited the people as saying.
Home Depot, the world's largest home-improvement chain, announced it was looking into "suspicious activity" Sept. 2, the day it learned from banks and law enforcement that criminals may have obtained data. The retailer released an estimate for affected cards last week, saying hackers' software may have infected its systems from April to this month and that it expects to pay about $62 million this year to deal with the incursion, with some covered by insurance.
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