Capital One fined $80 million for 2019 hack of 100 million credit card applications

Devlin Barrett reports:

Capital One has agreed to pay an $80 million fine to U.S. regulators over a major hacking incident last year in which authorities say about 100 million credit card applications were illegally accessed.

The Virginia-based bank with a popular credit card business said it has taken steps to tighten security around its customer information even before the July 2019 arrest of the suspected hacker, but under the terms of an order issued by the Office of the Comptroller of the Currency, the bank will be required to take additional steps to show its computer system has sufficient security.

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