The recently reported hack of some 56 million Home Depot customers’ payment information from the home repair chain’s computers is already leading to retail and bank fraud across the U.S.
Citing sources “familiar with the impact of the hacking attack,” The Wall Street Journal reports criminals who have bought the stolen information are using it to purchase “prepaid cards, electronics and even groceries,” and in some cases “draining cash from customer bank accounts.”
Home Depot confirmed the hack earlier this month, which a security researcher believes affected almost all of the home repair chain’s 2,200 stores. The company said shoppers as far back as April were compromised in the attack, which many now believe to be bigger than the similar headline-grabbing attack against the Target retail chain last holiday shopping season. (RELATED: Home Depot Hack Might Be ‘Much Bigger’ Than Target)
Financial institutions have reportedly begun blocking unusual transactions in the wake of the breach.