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Krebs on Security broke a story about Home Depot being breached, with an update stating that the banks believe the breach goes as far back as late April/early May.
Multiple banks say they are seeing evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards that went on sale this morning in the cybercrime underground. Home Depot says that it is working with banks and law enforcement agencies to investigate reports of suspicious activity.
[...]
In what can only be interpreted as intended retribution for U.S. and European sanctions against Russia for its aggressive actions in Ukraine, this crime shop has named its newest batch of cards “American Sanctions.” Stolen cards issued by European banks that were used in compromised US store locations are being sold under a new batch of cards labeled “European Sanctions.”
Home Depot's stock price also took a dive when the news was released.
(Score: 0) by Anonymous Coward on Thursday September 04 2014, @03:06PM
This laddies and gentleman is why you should not use a debit card. I keep thieves away from my money by making the people I want to buy things from eat the cost. If they eat the cost enough they will fix it.
But good news is that is a buying opportunity for home depot stock. Home improvement is not going away. They are one of the biggies.
(Score: 2) by TK on Thursday September 04 2014, @06:09PM
Meh, it's not phenomenal. Between September 2nd, before this was announced, and this morning when it reached the lowest point of the week, the maximum dip was ~4%.
~$93 to ~$89 [google.com]
YMMV, but I personally don't have $10k to buy HD stock.
The fleas have smaller fleas, upon their backs to bite them, and those fleas have lesser fleas, and so ad infinitum
(Score: 3, Insightful) by frojack on Thursday September 04 2014, @07:24PM
Agreed, it has to dip quite a bit more for it to be a buy.
However if it gets back to july pricing, or perhaps a bit lower it might be worth it.
Basically Home Depot is Tracking the DOW [goo.gl] and has not been a spectacular investment.
No, you are mistaken. I've always had this sig.
(Score: 2) by nitehawk214 on Thursday September 04 2014, @09:28PM
And why we need to move to chip-and-pin or some other actually secure credit system.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh