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

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The facts of around one hundred million of the the bank’s shoppers have been leaked on the web

­Capital 1 Financial Corp has been hit with a $eighty million good just after incurring a massive info breach a single 12 months in the past.

US banking regulator the Business office for the Comptroller of the Currency issued this penalty for the reason that the bank did not have out appropriate threat evaluation when migrating its info to the AWS cloud, which led to the facts of around one hundred million of its shoppers being leaked on the web.

The OCC called out Cash 1 for its “failure to establish powerful threat evaluation procedures prior to mitigating sizeable info technology operations to the general public cloud environment” in a statement launched yesterday by the regulatory overall body.

Cash 1 Info Breach

The leak took put in July 2019.

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