OCC Assesses Capital One with $80 Million Penalty Following 2019 Data Breach

    On August 6, 2020, the Office of the Comptroller of the Currency (OCC) announced that Capital One will pay $80 million following a 2019 data breach that affected nearly 100 million U.S. and 6 million Canadian individuals.

    The fine resulted from Capital One’s failure to establish effective network security and data loss prevention controls prior to migrating information technology operations to the cloud, and the bank’s failure to correct the deficiencies in a timely manner.

    Read more at Reuters

    View related articles: Capital One Ordered to Disclose 2019 Data Breach Incident Report

    Capital One Data Breach Affects the Personal Information of Over 100 Million Individuals

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