Some banks reissuing cards over Home Depot breach
Some lenders are preparing to reissue credit or debit cards to customers to head off possible losses following the breach of customer data at Home Depot.
Capital One Financial and JPMorgan Chase & Co. said Wednesday they are preparing to assign new cards to accountholders due to the theft at the home-improvement retailer.
Earlier this month, Home Depot confirmed that malicious software lurking in its check-out terminals between April and September affected 56 million debit and credit cards. Target, Michaels and Neiman Marcus also have been attacked by hackers in the past year.
While lenders often will issue customers a card after it's been lost, stolen or used to make an unauthorized purchase, Capital One and JPMorgan are taking action based on whether accounts may be compromised.