Capital One Reaches Settlement Over Massive 2019 Data Breach
Capital One resolves a class action lawsuit regarding a 2019 cyber incident that exposes the personal information of around 106 million individuals. The bank continues to notify affected customers and offers free identity protection services.
Capital One reaches a class action settlement regarding a massive 2019 cyber incident that exposes the personal information of approximately 106 million individuals in the United States and Canada. An outside individual gains unauthorized access to sensitive data belonging to credit card customers and applicants, prompting the bank to take immediate action.
The FBI captures the perpetrator responsible for the breach, and the government states that it recovers the stolen data with no evidence of fraud or further sharing. Capital One fixes the vulnerability, cooperates with federal law enforcement, and later identifies an additional 4,700 affected customers whose Social Security numbers are accessed.
The financial institution continues to invest heavily in cybersecurity and applies lessons from this event to strengthen its defenses. Affected individuals receive direct notifications and gain access to two years of free credit monitoring and identity protection services to safeguard against potential misuse of their information.