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Home Depot SEC Filing – Pretax Breach Cost $43 million

eSecurity Planet – “In a recent SEC filing, Home Depot stated that a recent data breach that exposed 56 million credit cards and 53 million email addresses cost the company $43 million in the third quarter of 2014 alone. Specifically, Home Depot says it “recorded $43 million of pretax expenses related to the data breach, partially offset by a $15 million receivable for costs the company believes are reimbursable and probable of recovery under its insurance coverage, for pretax net expenses of $28 million.” Those expenses, according to the filing, included “costs to investigate the data breach; provide identity protection services, including credit monitoring, to impacted customers; increase call center staffing; and pay legal and other professional services.”

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