Home Depot Agrees to Pay $17.5 Million in Breach Settlement (2)

The Home Depot Inc. has agreed to pay $17.5 million to resolve a multistate investigation following a data breach it suffered in 2014, New York Attorney General Letitia James announced.

The Atlanta-based home improvement retailer will also have to implement additional security processes as part of the deal, which involved 46 states and the District of Columbia, according to the announcement.

The 2014 breach occurred after hackers deployed malware on the company’s self-checkout point-of-sale system, allowing them to gain access to shoppers’ cards, James (D) said.

“Instead of building a secure system, The Home Depot failed to protect consumers and ...