While Erin Andrews court appears comes to a close (pending potential appeals), Home Depot is will to pay out $13 Million in funds for “reasonably traceable fraud” to compensate 56 Million effected customers’ out of pocket costs (from a malware breach of credit card information in 2014). Proposed class action lawsuits amount to at least 57 filed in the U.S. and Canada; but the balance of the funds would go to legal fees. And, on the other side, speculation has it that the sports announcers may only end up with approx. $5 Million after all the legal fees / attorney profits, etc. Home Depot also reported booking $161 Million in pre-tax expenses for the breach… Of course, the infamous Target breach offered $10 million to settle the class-action lawsuit; and Obama’s administration reported to have shelled out $19 Billion to improve security for individuals, companies and government agencies.
By the numbers...of headlines making the news this week
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