Tomahawk, WI 09/09/2014 (Basicsmedia) – The Home Depot, Inc. (NYSE:HD) joins Target Corporation (NYSE:TGT) as some of the companies in the recent past whose security levels have fallen vulnerable to security breaches leaving customer’s data exposed. Home Depot has already confirmed the breach according to CNBC’s Courtney Reagan.

The data breach according to Home Depot traces back to April affecting customers in the U.S and Canada.  Reagan reports that customers in Mexican stores as well as Home may not have been affected by the latest data breach menace.

“[…] Home and Mexican stores appear to not have been’ impacted, the company saying that Debit card, pin numbers likely have not been’ compromised. The company providing credit protection ID protection to all of the customers that think they may be impacted,” said Mrs. Reagan.

It is still not clear the total number of customers that might have been affected by the breach, although security analysts are speculating that it could be bigger than Target Corporation (NYSE:TGT)’s, considering it has been running for quite some time. Target’s data breach is reported to have resulted in over 40 million payment card numbers being stolen as well as 70 million other pieces of customer’s data.

It has taken a week for The Home Depot, Inc. (NYSE:HD) to confirm the issue considering it was reported a week ago by security website KrebsOnSecurity. There is a possibility that the hacking could affect up to 2,200 Home Depot’s stores spread across the U.S. Krebs had indicated that Home Depot hacking could have been’ caused by the same Malware that affected Target last year.

It awaits to be’ seen the amount of money that Home Depot will be forced to use to clean its house  as well as upgrade its systems to prevent any future data breaches. It is worth noting that if the latest breach is greater than Target Corporation(NYSE:TGT) , then the Home Depot, Inc. (NYSE:HD) may incur more than $146 million that the former incurred to sort out its breach.

Video Embed Size: 530 X 298 640 X 360

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.