Home Depot Investigates Possible Credit Card Data Breach

Home Depot may be the latest retailer to suffer a major credit card data breach.

The Atlanta-based home improvement retailer has told The Associated Press that it's working with both banks and law enforcement to investigate unusual activity that could point to a hack.

Home Depot spokeswoman Paula Drake says, quote, "Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers." She didn't elaborate, but did say that the retailer would notify customers immediately if it confirms a breach.

Shares of Home Depot Inc. fell $1.88, or 2 percent, to close at $91.15.

Hackers have broken security walls for many retailers in recent months, including Target, grocery store chain Supervalu, P.F. Chang's and the thrift store operations of Goodwill. The rash of breaches has rattled shoppers' confidence in the security of their personal data and pushed retailers, banks and card companies to increase security by speeding the adoption of microchips into U.S. credit and debit cards.

(Copyright 2014 The Associated Press. All rights reserved.)


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