In its 4th quarter results, Home Depot reported that it has incurred $33 million of pretax net expenses related to last year’s data breach, but still cannot predict the final cost.
According the Atlanta-based retailer, future “costs could include liabilities to payment card networks for reimbursements of credit card fraud and card reissuance costs; liabilities related to the company’s private label credit card fraud and card reissuance; liabilities from current and future civil litigation and government investigations, among other expenses.”
According to sources, Home Depot had $105 million in cyber insurance.
