America's largest home improvement chain Home Depot has confirmed that its payment system has been hacked in a data breach in more than 2,000 stores in the United States and Canada.
The company said that millions of credit and debit cards of shoppers could be affected. However, the exact number was not revealed.
The company confirmed after a cybersecurity website reported a possible hack of Home Depot's data.
Chairman and CEO of the company Frank Blake said that they apologized to their customers for the anxiety caused and that they were working through the issue, reported ABC News.
Retailers, card companies and banks have sped up the adoption of microchips in credit and debit cards that makes transactions more secure.
Home Depot authorities said they would install chip-enabled check out spots in all U.S. stores by the end of the year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
