Capital One To Pay $80 Million Fine For 2019 Data Security Hack

As we previously reported, Capital One Financial Corporation announced in July 2019 a major data security breach when an individual gained unauthorized access to personal information about Capital One credit card customers.  According to the Office of the Comptroller of the Currency ("OCC"), which regulates large U.S. banks, Capital One has now agreed to pay an $80 million fine to resolve claims related to the incident. 

Affecting more than 100 million accounts in the U.S., the hack of Capital One's computer systems was one of the largest financial data breaches ever.  According to the Department of Justice indictment filed against her, the suspected hacker accessed and copied data from more than 30 different entities, including Capital One, that rented or contracted servers at an unnamed cloud-computing company at which she previously worked.  Although the 2019 breach did not expose credit card account information, Capital One reported that about 140,000 Social