Home Depot made headlines for the wrong reasons this week after reports emerged that the do-it-yourself retail chain had been hacked by financial fraudsters who had managed to steal customer credit cards.
A leading cybersecurity journalist first broke the story that bogus credit cards were being sold on the black market, based on accounts tied back to Home Depot purchases across the U.S.
The company was quick to come out with a statement, saying they were looking into "unusual activity" on their network. By Wednesday, the company expanded on that, adding that they would offer free credit monitoring service to any customers affected (while still declining to confirm, specifically, that there was a hack.)
After Target's major breach last year, Home Depot could just be the latest company to join the ranks of cybercrime victims. But they certainly won't be the last.
Hackers take bite out of Apple's cache
Indeed, Home Depot wasn't the only big name dealing with a hacking problem this week. Apple landed in hot water after hackers managed to steal personal information (including nude photographs) of many celebrities this week.
The company was quick to dispute claims that they were "hacked" but that's largely just semantics ahead of a key product launch. The details are still murky, but it looks like hackers were able to get the usernames of Hollywood stars like Jennifer Lawrence, Kate Upton and Mary Elizabeth Winstead and then use a software program to rifle through countless passwords until they guessed the right one.
Model Kate Upton was one of many celebrities to have allegedly had their phones hacked this week. (Michaela Rehle/Reuters)
Most people probably assume that having a good password, using the screen lock and never letting the phone leave your side are good defences against having any risque photos stolen. But with cloud services like Apple's iCloud, all the information on the phone is stored on external servers — meaning a hacker can steal all the contents without every even touching the phone itself.
Apple's trying to distance itself from security concerns and promising to beef up privacy safeguards, but it's certainly the last thing the company was hoping to be in the news, as they head into the likely launch of the iPhone 6 next week — not to mention a few other long-anticipated goodies.
Gimme an 'S', gimme a 'U', gimme an 'E'
The NFL season kicked off this week, but a group of people who are ostensibly the game's biggest fans have little to cheer about.
The CBC's Sophia Harris reported on a number of NFL teams are currently being sued by their current and former cheerleaders for being paid below minimum wage.
Her report on billion-dollar franchises paying peanuts in salaries gained major traction online, but it may just be the latest black eye in what's turned out to be a rough offseason for the league.
Eye-opening job numbers — again
To borrow a line from Yogi Berra, it was deja vu all over again in the business press this week as the monthly jobs report raised a few more questions than it answered.
Last month, Statistics Canada said it made a mistake in its initial jobs report and ended up re-releasing the updated data. A high-profile gaffe from the earnest data agency is rare enough, but to have it on something as important as employment numbers made it even more newsworthy.
So all eyes were on the August numbers that came out Friday, and they too, were another head-scratcher.
The official numbers showed the economy posted a slight loss of jobs during the month, with 11,000 fewer workers.
But what really raised eyebrows were two other numbers, buried beneath the headline — there was both an all-time record number of private-sector jobs lost, but also a record number of self-employed people. The two numbers were both large, but they seemed to offset each other.
The folks at Scotiabank summed up what a lot of people were thinking when they described the coincidence as "very fishy" and warned clients to "be very careful" with them.
An analyst from the StatsCan insists the agency's methods are sound. But with all the head-scratching going on around Bay Street, it's clear they have some work to do to rebuild their air-tight reputation.
Those are just a few of our biggest business stories that made headlines this week. Check back with our website often for more news, and don't forget to follow us on Twitter here.
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