OCC And Capitol One

OCC Fines Capital One: Key Takeaways

Last year, Capital One experienced one of the largest-ever data breaches of a bank, when a hacker–Paige Thompson–got her hands on the personal information of over 106 million customers and applicants via a misconfigured AWS server. Now, the Office of the Comptroller of the Currency (OCC) has hit the bank with a whopping $80 million…
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EasyJet Hack

Breaking Down the EasyJet Hack

Earlier this month, European budget airline EasyJet was hacked. In a “highly sophisticated attack,” 9 million customers had personal information, including email addresses and travel itineraries, compromised. And 2,208 customers had their credit card information stolen. The attack has left many customers “in limbo”, with many questioning how a company that claimed to comply with…
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Travelex Ransomware

Travelex Restores Service After Six Week Outage

On Feb. 13, foreign-currency exchange company Travelex, which is owned by Abu Dhabi-based Finablr, reported that it had restored the majority of its customer-facing services, and resumed normal business operations in the UK, Europe, North America, the Middle East & Turkey, Australia & New Zealand. Travelex had been completely or partially offline in these regions…
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Equifax Breach Settled

Equifax Breach Settled: Historic Settlement Approved in Equifax Case

Most remember the headlines on Sept. 7, 2017, when Equifax announced that a massive data breach had exposed the personally identifiable information of more than 147 million consumers. To compensate those affected by the data breach, a class-action lawsuit was filed in November 2017, and just recently concluded. On Jan. 13, 2020, US District Judge…
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What All Financial Institutions Can Learn From the Capital One Breach

Learning lessons from another financial institution’s mistake, such as the Capital One Breach in 2019, is one of the best ways to help make important improvements. Paige Thompson, 33, of Seattle, Washington was arrested on July 29, 2019 for stealing more than 100 million credit card applications from Capital One Financial Corporation. Court filings allege…
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