Home Depot Reports Possible Credit Card Breach

However, banks and retailers are becoming faster to respond to such breaches and are improving their detection methods, “thereby shortening the window of opportunity for these criminals, and reducing the exposure and hassle to consumers,” said Ingevaldson.

Seth Ruden, a senior fraud consultant at payment solutions company ACI Worldwide, said in a statement that the data breach impacting Home Depot “should serve to increase the pressure to migrate to the EMV chip card standard and help to reinforce the need that we have for stepped-up security in payments, especially in the U.S., where we currently lag behind our peers.”