Capital One must pay a $80m fine for its shoddy public cloud security – yes, the US banking giant that was hacked last year by a miscreant who stole personal information on 106 million credit-card applicants in America and Canada.
That swiped data included 140,000 US social security numbers and 80,000 bank account numbers, we're told, as well as one million Canadian social insurance numbers, plus names, addresses, phone numbers, dates of birth, and reported incomes.
Now the Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of Treasury, has announced it will fine Capital One for bungling its circa-2015 migration of on-premises IT to the cloud, a move that put customer data at risk prior to the 2019 mega-hack. Uncle Sam will pocket the money.
“The OCC took these acti ..
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