Capital One Fined $80M After 2019 Data Breach

By Philip Rosenstein and Jon Hill (August 6, 2020, 11:51 AM EDT) -- Capital One has agreed to pay an $80 million fine related to a 2019 data breach that exposed sensitive information on more than 100 million individuals in the U.S. and Canada, federal banking regulators said Thursday.

Capital One will pay an $80 million civil penalty and outline a plan to improve the oversight of its cloud-based operating environment after a data breach that impacted 100 million Americans and 6 million Canadians, federal regulators said Thursday. (AP Photo/Jeff Chiu) The Office of the Comptroller of the Currency announced the civil penalty as part of consent orders reached between Capital One Financial Corp.'s...

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