Fallout from Capital One Breach Continues as Company is Ordered to Pay $80 Million Fine
The fallout from the Capital One breach continues as the company was recently ordered to pay an $80 million fine. In a consent order filed August 6, the Office of the Comptroller of the Currency cited Capital One’s “failure to establish effective risk assessment processes prior to migrating significant information technology operations to the public cloud environment and the bank’s failure to correct the deficiencies in a timely manner.”
