Data Breach Cost Home Depot $7M In 1st Quarter Of 2015

Law360, New York (May 20, 2015, 1:33 PM EDT) -- The Home Depot Inc. paid $7 million in costs related to a September data breach in the first quarter of 2015, the company said on Tuesday, adding to the $33 million it reported spending on costs related to the breach last year.

The company has benefited from the housing market’s recent recovery, reporting higher sales in the quarter compared to the same period last year, but breach-related costs have impacted otherwise strong earnings. Home Depot said it is too soon to estimate the total costs related...
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