A consolidated class action lawsuit filed in U.S. District Court in Atlanta, Ga. Wednesday listed 37 credit unions, 16 state leagues, CUNA and 11 banks that claimed the 2014 Home Depot data breach caused billions of dollars in fraud losses and more than $150 million in card reissuance costs.

Between April 2014 and September 2014, hackers breached Home Depot’s data security systems and stole the personal and financial information of 56 million customers across the nation. That information was sold on the Internet to thieves who made a massive number of fraudulent transactions on the credit and debit cards, the 102-page lawsuit claimed.

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Peter Strozniak

Credit Union Times

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