Day: August 7, 2020

$80m Capital One Fine — A Stinging Reminder of Cloud Migration Risk

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The aspects of about one hundred million of the the bank’s buyers had been leaked on the internet

­Capital A person Monetary Corp has been strike with a $eighty million wonderful right after incurring a large details breach a single year ago.

US banking regulator the Office for the Comptroller of the Currency issued this penalty for the reason that the lender did not carry out ideal threat assessment when migrating its details to the AWS cloud, which led to the aspects of about one hundred million of its buyers remaining leaked on the internet.

The OCC called out Cash A person for its “failure to establish productive threat assessment processes prior to mitigating significant information and facts technological innovation operations to the public cloud environment” in a statement produced yesterday by the regulatory entire body.

Cash A person Info Breach

The leak took location in July

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