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On Monday, Capital said that the personal data, including bank account and social security numbers of over 100 million Americans, were leaked in a massive data breach that results in the arrest of a woman from Seattle.

Paige A. Thompson, 33, a previous software engineer, is found guilty of stealing information from the credit card applications of Capital One and its is claimed to be one of the top 10 major data breaches so far, as per the USA Today research.

Capital One Data Breach Affected 100 Million Americans

Thompson was arrested by FBI on Monday for this massive theft, which happened between March 12 & July 17 according to the court’s records. Amongst the information allegedly accumulated from an organization cloud-based server were bank account and Society Security numbers.

Thompson made her primary occurrence in U.S District Court in Seattle. She has been detained pending an Aug. 1 hearing, according to the Department of Justice. Computer abuse and fraud are punishable by approximately $250,000 fine and five years in prison.

The band stated “the largest category of information” used from candidates who applied for credit cards between 2005 & 2019 was private information, such as names, email addresses, dates of birth, addresses, phone numbers, and self-reported income. Approximately 140,000 Social Security figures and around 80,000 bank account numbers were used, Capital One said.

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Apart from this, the other data obtain includes balances, credit scores, limits, and “fragments of transaction data from a total of 23 days during 2016, 2017 and 2018.”
In a news release, Capital One said that “100 million individuals in the United States and approximately 6 million in Canada” were affected. Moreover, the bank even set up a customer site about the violation at www.capitalone.com/facts2019.

The data theft was figured out on July 19, and the organization said it “immediately fixed the configuration vulnerability that this individual exploited and promptly began working with federal law enforcement.”

Also Read: Reminder: Safeguard Your Digital Movies as UltraViolet Will Close on July 31st

Richard D. Fairbank, the Capital One chairman & CEO, said in an account “While I am grateful that the perpetrator has been caught, I am deeply sorry for what has happened.” Adding further, he said, “I sincerely apologize for the understandable worry this incident must be causing those affected, and I am committed to making it right.”

In the last week, Equifax attained a deal with Consumer Financial Protection Bureau, the Federal Trade Commission, & 50 states on the 2017 year breach that affected about 147 million Americans.

 

Capital One Data Breach Affected 100 Million AmericansThe contract calls for Equifax to repay at least $575 million, with $175 million to states, $300 million for free credit regulating services, the District of Puerto Rico and Columbia and $100 million in punishments to the CFPB.

The Los Angeles Police Department reported on Monday that a data breach revealing personal information of multiple officers and applicants. Matt Schulz, the chief industry analyst at CompareCards.com, mentioned the breach is “yet another reminder of why it is so important to build fraud detection checks into your regular routine.”

Also, he stated that the bank accounts tied to protected credit cards were compromised.

“These cards are favorites for those who are getting started with a credit or who are rebuilding their credit and often have a very little financial margin for error,” Schulz said. “There may not be a huge amount of money in these accounts, but it is very important for cardholders with those accounts to keep as close a watch for fraud as any other type of credit cardholder.”

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Anshul Sharma
Author

Being the Co-Founder of Fluper, one of the Leading App Development Companies, Mr. Anshul Sharma has a wide-ranging experience in Business Growth. He has paved his own path as an extremely intensive product strategist and user experience proficient entrepreneur. His keen interest in the tech updates urges him to write about the latest tech news and make other businesses or enterprises aware of the changing market scenario.

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