Another large retailer says they've been hit with
a security breach.
Home Depot joins retailers like target and goodwill
who have had to deal with hackers.
?So how can a consumer keep their information safe?
News 8's Mark McPherson joins us live in our studio
When it comes to breaches like home depot or recently
there is little a consumer can do.
But financial institutions are working around the
clock to make sure your information is as safe as
- There's a lot of tools out there, there's a lot
of things people are watching for unusual activity.
With breaches like the recent Home Depot hack becoming
businesses are working harder than ever to protect
- Anybody that's processing any of the credit or debit
transactions is 24/7 looking for unusual activity.
But beyond just looking for unusual activities.
some companies are looking into technology that would
prevent it in the first plact.
One piece of technology.
are being called the wave of the future.
- They're cards that actually have an embedded chip
that passes a one-time code between the terminal and
that card, so it's only used once, it can't be used
again so it wouldn't do any good for anybody to steal
And at least what they tell us today is they're virtually
unable to be copied.
But E-M-V's are slow to make it to the U-S.
The big reason? The technology designed to protect
costs a lot of money.
- It is very, very expensive to roll out everywhere,
everything from ATM cards, every place you go today
takes a card, so to get a universally accepted card
to work with all of that, it's a challenge, but it's
going to come.
So until it does.
what can a consumer do to stay safe?
- At the end of the day it's making sure that you
have your card, you're holding it safe, you can't
do a whole lot, but once it happens it's real important
to find out quickly, and your banks and financial
institutions, they'll let you know pretty quick if
Home Depot said today that they detected unusual activity
that would point to a hack.
They are working with banks and law enforcement to
The retailer says they will notify customers immediately
if it confirms their personal information has been