Capital One fined $80 million over 2019 information breach


A bank spokesperson said the company had since poured “significant” resources into bolstering its security and otherwise addressing orders from both the OCC and the Federal Reserve.

The payout isn’t small, but it might not make many victims happy. The breach exposed sensitive details like addresses, reported income and (in some cases) account numbers and credit scores. Capital One did provide free credit monitoring and identity theft protection after the incident, but the payout still amounts to about 75 cents per person affected in North America. Like the Equifax breach, the compensation may seem small compared to the security precautions and stress inflicted on affected people.



Source link

Discover

Sponsor

Latest

Demo-2 luck helps to keep SpaceX on target for vacationer flights in past due 2021

SpaceX is over the moon after the successful completion of the company's first-ever crewed mission. The Demo-2 test flight to the International Space Station...

NASA’s Mars 2020 Perseverance rover mission: Live updates

Refresh 2020-08-05T19:41:22.692Z Spotting Percy en route to MarsSince NASA's Mars 2020 Perseverance rover launched to the Red Planet July 30, both a weather satellite...