Is The Home Depot, Inc. (HD)’s Security Breach for Real?


The Home Depot, Inc. (NYSE:HD) has faced some kind of security breach in its computer systems, but the company is yet to confirm it officially. Since The Home Depot, Inc. (NYSE:HD) hasn’t confirmed, it’s hard to figure out from where did the attack originated, if consumer accounts were compromised and the size of the damage it has done. The company has come out with an announcement though in which it has said that it’s looking into the matter and if consumers’ accounts have been compromised, they won’t be held liable for any damages. CNBC‘s Courtney Reagan reported today on the alleged attack and the announcement from The Home Depot, Inc. (NYSE:HD).

home depot

“The Home Depot, Inc. (NYSE:HD) putting out a new statement yesterday saying that not only are they now working with banks and law enforcement, but also security teams. They are now naming them. They are naming Symantec and FishNet security. They say they have been working around the clock since they first became aware of a potential breach on Tuesday morning, […]” Reagan said.

Reagan highlighted that The Home Depot, Inc. (NYSE:HD) has not yet officially confirmed that there has been a security breach, but they still said in their announcement that they are working around the clock to figure out if there has been a breach. Reagan believes that this possibly validates that a security breach has taken place.

Reagan mentioned that Brian Krebs was the first person to report the security breach on She quoted Krebs as saying that based on some zip code data that he found online with stolen credit cards, it seems that all the 2,200 stores of The Home Depot, Inc. (NYSE:HD)  could have been affected by the breach.

As of June 30, 2014,   Ken Fisher‘s Fisher Asset Management owns over 8.2 million shares in The Home Depot, Inc. (NYSE:HD) , making it one of the largest shareholders in the company.

Disclosure: None

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