Capital One fined $80 million in data breach

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Capital One fined $80 million in data breach
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Among the largest of its kind on record, the 2019 breach compromised about 140,000 Social Security numbers and 80,000 bank account numbers.

FILE - This July 22, 2019, file photo, shows Capital One mailing in North Andover, Mass. The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders.

The Comptroller of the Currency said in a consent order Thursday that Capital One failed in 2105 to establish effective risk management when it migrated information technology operations to a cloud-based service. The consent order said Capital One has committed to fixing the problem. Email to Capital One requesting comment wasn't immediately returned.

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