Banking and Finance Law Daily Capital One target of data security breach
Tuesday, July 30, 2019

Capital One target of data security breach

By Katalina M. Bianco, J.D.

Capital One has suffered a data security breach affecting consumers who had applied for its credit card products and Capital One credit card customers in the United States and Canada. The alleged perpetrator has been apprehended.

Capital One Financial Corporation has announced that on July 19, 2019, an individual outside the corporation gained unauthorized access to the personal information of approximately 100 million persons in the United States and who had applied for its credit card products and to Capital One credit card customers. According to Capital One, the alleged perpetrator has been arrested by the FBI, and the vulnerability leading to the breach has been fixed. An investigation is underway, but Capital One stated that it is "unlikely that the information was used for fraud or disseminated by" the perpetrator.

No credit card account numbers or log-in credentials were compromised, and over 99 percent of Social Security numbers were uncompromised, Capital One said. The largest category of information accessed relates to consumers and small businesses as of the time they applied for a Capital One credit card product from 2005 through early 2019. This information included personal information such as names, addresses, zip codes, postal codes, phone numbers, email addresses, dates of birth, and self-reported income. Portions of data on Capital One credit card customers also were accessed, including credit scores, credit limits, balances, payment history, and contact information as well as some transaction data from 23 days during 2016, 2017, and 2018. Approximately 140,000 Social Security numbers of credit card customers and 80,000 linked bank account numbers also were obtained.

Capital One has filed a FORM 8-K with the Securities and Exchange Commission reporting the breach and will make free credit monitoring and identity theft protection available to affected persons.

Companies: Capital One Financial Corporation

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