Capital One Reports Data Breach Affecting 100 Million Applicants & Customers
Capital One, the U.S. based Credit Card Issuer reported a data breach affecting more than 100 Million card customers and applicants. Recently, Equifax one of the credit card company agreed to pay at least $575 Million to the people affected by the data breach happened in 2017.
The data breach exposed people’s social security numbers and bank account numbers. While the company is not blamed for the data breach as the system was hacked by Paige A. Thompson. The 33 years old woman was arrested in connection with the hack on Monday by federal agents in Seattle.
Ms. Thompson was accused of breaking through the Captial One firewall that had been stored in Amazon’s Inc cloud services. According to the people close to the matter, Ms. Thompson was the former employee of the Amazon Cloud service. Capital One said that“this event affected approximately 100 million individuals in the United States and approximately 6 million in Canada.”
However, the hacker had hands-on bank account numbers, the credit numbers were not exposed to the public not affecting the 99% of Social security numbers. According to the company, the unauthorized access occurred on March 22 and 23 of the year.
Putting forward the approximate numbers, data breach exposed 140,000 Social Security numbers and 80,000 bank account numbers, as well as some customers’ credit scores, payment histories, and credit limits.
“While I am grateful that the perpetrator has been caught, I am deeply sorry for what has happened,” said Richard D. Fairbank, the bank’s chairman and chief executive. “I sincerely apologize for the understandable worry this incident must be causing those affected and I am committed to making it right.”
The hacker alleges that he wanted to distribute the information online while the bank said the information was unlikely used for the fraud. According to the bank, the data breach will cost them about $100 Million to $150 Million in 2019. While the leading tabloids reached out to Amazon for the comment, it declined to comment over the matter.