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US OCC imposed an $80 Million fine to Capital One for 2019 hack

Posted on Aug 9, 2020
US OCC imposed an $80 Million fine to Capital One for 2019 hack

The US Office of the Comptroller of the Currency (OCC) has imposed an $80 million fine to the credit card provider Capital One Financial Corp over 2019 data breach. Capital One, one of the largest U.S. card issuer and financial corporation, in 2019 it suffered a data breach that exposed personal information from more than 100 million credit applications.

A hacker that goes online with the handle “erratic” breached the systems at Capital One and gained access to personal information from 106 million Capital One credit applications.

Law enforcement identified and arrested the hacker behind the attack, he was a former Seattle technology company software engineer named Paige A. Thompson (33).

Paige Thompson is a transgender woman suspected to be the hacker behind the Capital One hack and attacks on 30 other organizations, in August 2019 he has been indicted on wire fraud and computer fraud.

The OCC claims that Capital One failed to implement an appropriate risk management process before migrating its IT operations to a public cloud-based service.

Full article on https://securityaffairs.co/wordpress/106933/data-breach/capital-one-fined.html

#hack #occ #capitalone #security #databreach