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Capital One fined with $80mn, over 2019 data breach

Capital One fined with $80mn, over 2019 data breach

The Fed on Thursday imposed a new fine of $80mn on Capital One for a massive data breach last year that impacted more than 100mn people. Within 90 days, the company must also submit a action plan to the central bank showing how it will improve protection of customers’ personal information, along with an internal audit of the firm’s risk management protocols.

Milan
Milan
Tyler
Tyler 1 months

Make them do community service. That money is just going to pay for legal fees. And then liquidate their company and spread it amongst smaller companies that compete with them.. thus recycling the revenue not the disease.. Break up the Big banks after that

Independent
Independent 1 months

I'm a customer and was never even notified

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