Home Depot (HD) Officially Confirms Credit-Card Data Hack

Home Depot (HD) on Monday officially confirmed that its payment systems have been hacked in a data breach that could potentially affect millions of shoppers using payment cards at its U.S. and Canadian stores. The home-improvement chain did not provide details in terms of how many credit cards might be affected, but did say the investigation is focused on transactions made as far back as April.

The company however, said that while it continues to determine the full impact of the breach, there is no evidence that shoppers’ debit PIN numbers were compromised, according to a statement released from the retailer.

“We apologize for the frustration and anxiety this causes our customers, and I want to thank them for their patience and support as we work through this issue,” Frank Blake, CEO of Home Depot, said in the statement.

Analysts warned that the Home Depot breach could rival Target (TGT)’s massive hack last year where more than 40 million payment cards and 70 million other pieces of customer data were stolen over the course of three weeks during the busy holiday shopping season.

HD shares are up 10.30% year-to-date and are currently trading down 56 cents to $90.26.

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