Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.
2019 Breach Leads to $80 Million Fine for Capital One
The fine is part of a series of steps required by the Office of the Comptroller of the Currency.
1 Min Read
The Office of the Comptroller of the Currency announced that Capital One will pay an $80 million fine and undertake several steps designed to reassure regulators that security has been improved since the 2019 data breach that prompted the action.
In the data breach, more than 100 million credit applications were accessed by malicious actors. The office said that Capital One deserved credit for its victim notification and remediation actions following the breach.
In addition to the fine, Capital One agreed to submit to an internal audit of the firm's risk management program. The company also agreed to enhance its cybersecurity defenses and submit an outline of its plans for improvement to the Federal Reserve within 90 days.
Register now for this year's fully virtual Black Hat USA, taking place now, and get more information about the event on the Black Hat website. Click for details on conference information and to register.
About the Author
You May Also Like
More Insights
Webinars
