#AceNewsReport – July.30:The personal details of about 106 million individuals across the US and Canada were stolen in a hack targeting financial services firm Capital One, the company has revealed: The alleged hacker, Paige Thompson, was arrested on Monday after reportedly boasting about the breach online: Capital One said the data included names, addresses and phone numbers of people who applied for its products: But the hacker did not gain access to credit card account numbers, it said BBC News reported.
The data breach is believed to be one of the largest in banking history.Capital One Financial Corporation (NYSE: COF) announced today that on July 19, 2019, it determined there was unauthorised access by an outside individual who obtained certain types of personal information relating to people who had applied for its credit card products and to Capital One credit card customers,” the press release read, adding that “this event affected approximately 100 million individuals in the United States and approximately 6 million in Canada.”
According to the text, the largest category of information accessed was that on credit card applications from consumers and small businesses between 2005 and 2019, including their names, addresses, zip codes, contact details, dates of birth, and self-reported income: The press release also contains apologies of COF CEO Richard D. Fairbank and adds that the FBI has arrested the perpetrator.
The United States ranked fifth out of 60 nations in providing effective cybersecurity, according to the Global Cyber Security Index published in February:
The US justice department has confirmed it has arrested a former Seattle technology company software engineer in connection with the breach: Ms Thompson, 33, was arrested on Monday on charges of computer fraud and abuse: She made an initial appearance in federal court in Seattle: A hearing has been scheduled for 1 August: Court documents claim she boasted about the data breach on an online forum.
A statement by the US attorney’s office in Washington said: “On July 17 2019, a GitHub user who saw the post alerted Capital One to the possibility it had suffered a data theft.” Ms Thompson faces a maximum sentence of five years in prison and a $250,000 (£204,713) fine.
As the number of cyberattacks on state- and non-state entities has been on rise over the past several years, many country’s enshrined cybersecurity in their legislation — Sputnik (@SputnikInt)
#AceNewsDesk reports …………….Published: July 30, 2019
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