CAPITAL ONE FINED $80 MILLION IN DATA BREACH
Techlife News|Techlife News #459
CAPITAL ONE FINED $80 MILLION IN DATA BREACH
The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit cardholders.

The Comptroller of the Currency said in a consent order that Capital One failed in 2105 to establish effective risk management when it migrated information technology operations to a cloud-based service.

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Techlife News #459