Law360, New York (March 9, 2016, 10:20 PM EST) — Home. Depot Inc. that requires the retailer to establish a $13 million settlement fund to compensate consumers for out-of-pocket losses or.

While the penalties from the FCRA claims could quickly add up to billions, previous data-breach lawsuits have settled for a fraction of that amount, taylor noted. home depot Inc. last year reached a.

Home Depot has agreed to pay $25 million to the financial institutions affected by the massive data breach suffered by the retailer in 2014, when cybercriminals managed to steal email addresses and payment card data belonging to more than 50 million customers.. The retail giant will create a $25 million settlement fund that will be distributed among affected financial institutions.

Target paid $10 million to settle suits related to that breach, and while Home Depot will pay about $19.5 million to settle its suit, that is only a fraction of what the actual costs are. Home Depot has said that the breach has cost the company $161 million in charges since it occurred.

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Under the terms of the settlement, filed in the U.S. District Court for the Northern District of Georgia, Home Depot agreed to pay $13 million into the settlement fund and an additional $6.5 million to pay for 18 months of identity protection services for each class member who used a debit or credit card at a compromised checkout lane.

The home improvement chain’s settlement totals at least $19.5 million — $13 million of which will compensate shoppers for the losses in connection with the data breach and around $6.5 million for.

Target paid $10 million to settle suits related to that breach, and while Home Depot will pay about $19.5 million to settle its suit, that is only a fraction of what the actual costs are. Home Depot has said that the breach has cost the company $161 million in charges since it occurred.

The cost of Home Depot’s breach. also promised as part of the settlement to update its security posture and data protection policies as well as pay the legal fees attendant to the settlement. The.

Home Depot Inc agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. Home Depot also agreed to improve data security over a two-year period, and hire a chief information security officer to oversee its progress.

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