ORX News digest of the month – July 2019

  • 7 August 2019

Every month the ORX News team publishes a featured digest from the ORX News Service. It's a detailed look at one of the losses reported in the media that month, and is handpicked by the team as one of the most interesting stories.

Capital One expects to pay USD 150 million after hacker steals information of 106 million individuals

On 29 July 2019, Capital One announced that an external party had gained unauthorised access to the personal information of 106 million credit card applicants and customers by exploiting a configuration vulnerability in its infrastructure. On the same day, the US Department of Justice (DoJ) announced that the Federal Bureau of Investigation (FBI) had arrested the individual responsible for the hack. Capital One said that it expected the cost of the incident to be up to $150 million. It was reported that the data had been held on servers operated by Amazon Web Services (AWS).

ORX News subscribers can read the full story on the ORX News website.

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