Security News > 2020 > August > 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 card holders.
The Comptroller of the Currency said in a consent order Thursday that Capital One failed in 2105 to establish effective risk management when it migrated information technology operations to a cloud-based service.
The consent order said Capital One has committed to fixing the problem.
Email to Capital One requesting comment wasn't immediately returned.
The accused hacker, former Amazon software engineer Paige Thompson, has pleaded innocent to charges related to the breach.
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