Home Depot settles data breach suit

ATLANTA ― Home Depot reached a settlement with consumers who filed a suit after the retailer’s 2014 data breach compromised their personal information. Under the terms of the agreement, Home Depot will pay at least $19.5 million to affected customers. It will also establish a $13 million reimbursement fund and pay at least $6.5 million on identity protection services over an 18 month period. The company has pledged to upgrade its data security and hire a chief information security officer in addition to covering legal fees and costs. By agreeing to the settlement, which must still be approved by the court, Home Depot did not admit fault or liability.