Published On 07/31/2019
On Monday afternoon, Capital One (-5.91 %) broke the news of a massive data breach after a former Amazon engineer exploited a loophole in the company’s cloud-based infrastructure.
Approximately 106 million customers banking on a new card were robbed of information, the sixth-largest data breach ever.
- 140,000 Social Security and 80,000 bank account numbers were hacked.
- 1 million Social Insurance numbers were swiped from our Canadian neighbors.
What’s in your wallet? The largest category of information accessed was the personal information of credit card applicants from 2005 through 2019.
Phishing for Likes. The culprit, Paige A. Thompson, posted the stolen data on GitHub and posted about it on her public social media accounts.
History repeats. The breach is deja vu as Equifax recently reached a settlement for their 2017 breach of nearly 147 million Americans.
- Affecting roughly 56% of the nation’s population, Equifax ranks fourth on the largest data breach list.
- They will shell out about $700 million to Federal agencies, the states and consumers directly affected.
How does this affect my wallet?
It’s a terrible feeling knowing that it could be your information that was stolen. Capital One said it will contact those affected by the hack through various channels.
But here’s what you can do now:
- Sign up for 24/7 credit monitoring.
- Enable two-factor authentication.
- Freeze your social security number
Breaching new lows. Capital One sank 6% at Tuesday’s open after announcing an expected $100 to $150 million hit in 2019 as a result of the breach.
On the Equifax front. you can claim a flat cash payment of $125 (minimum) if you fell victim to the 2017 breach and already have credit monitoring in place.
Capital One was hacked by a former Amazon employee named Paige A. Thompson. Though she was caught and charged, 106 million customers banking on Capital One cards were affected.
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