Bank regulators dropped the hammer on Capital One, with the Office of the Comptroller of the Currency (OCC) levying an $80 million fine and the Federal Reserve filing a cease and desist order that specified what the steps the bank needed to take to redeem itself after a massive data breach in 2019 that compromised the personal data of more than 100 million of its customers.
The OCC fined Capital One, N.A. and Capital One Bank (USA), N.A. “based on the bank's failure to establish effective risk assessment processes prior to migrating significant information technology operations to the public cloud environment and the bank's failure to correct the deficiencies in a timely manner.”
Hacker Paige Thompson, who revealed her actions on GitHub, leveraged a misconfigured web application firewall in March 2019 to access the Capital One’s files, hosted on Amazon Web Services S3 servers.
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