Capital One Exposed Data Of 106 Million People

In March, Capital One’s servers were hacked, exposing the personal information of 106 million customers and applicants in the United States and Canada. Hackers accessed credit card applications from 2005 to 2019 in between March 22 and 23 of this year, while the breach wasn’t detected until July. The personal data that was exposed included:

  • Names
  • Birthdays
  • Linked bank account numbers
  • Credit scores
  • Addresses
  • Transaction data
  • Social security numbers. 

Related: 2019’s Top Password Managers

Was Capital One’s Security Breach Preventable?

Jeff Wilbur, Director of the Online Trust Alliance Initiative of the Internet Society, says that this breach was preventable. Referring to the data found in the Internet Society’s Cyber Incident & Breach Report, Wilbur told Security Baron an interview,

More than 90% of breaches are preventable…It’s important to realize that while larger companies have more resources for security, they also have more complex systems, but that just means they need to be more diligent about data security…Even for companies that have significant resources and set cybersecurity as a high priority this can be a challenge.”

Capital One Security Breach
Capital One Security Breach

How Capital One Has Responded To Security Breach

In response to the security breach, Capital One has taken a few steps to gain back their customers’ trust, Wilbur said in an interview with Security Baron. To correct the cause of the breach, the bank has informed impacted people, offered credit monitoring and identity protection, and has worked with law enforcement to understand the causes of the situation. Despite security breaches from many financial companies, Americans still trust banks the most with their data, according to a study from nCipher Security.

Related: The Best VPNs of 2019 

How Can Smaller Businesses Prevent Security Breaches?

In order to protect against future breaches, Capital One should use encrypted cloud software, password managers, phishing tools, credit monitoring, and more, Wilbur told Security Baron. He added, “For smaller organizations with lean budgets, the lack of resources and expertise makes it even more challenging. Organizations need to learn lessons from the rash of recent breaches and implement the basics first.”

Aliza Vigderman

Aliza Vigderman

Aliza is a journalist living in Brooklyn, New York. Throughout her career, her work has spanned many intersections within the tech industry. At SquareFoot, a New York-based real estate technology company, she wrote about the ways in which technology has changed the real estate industry, as well as the challenges that business owners face when they want to invest in property. At Degreed.com, an education technology website, Aliza created digital content for lifelong learners, exploring the ways in which technology has democratized education. Additionally, she has written articles for The Huffington Post as well as her own content on Medium, the online publishing platform. Aliza’s love of journalism and research stems from the excellent Journalism program at Brandeis University. At Brandeis, Aliza interned as a research assistant at the Schuster Institute for Investigative Journalism, a non-profit “news room without walls”. There, Aliza was paired with an investigative journalist and used academic databases to obtain data on everything from the suicide rates in Bhutan to local Boston court cases. Her last position was as an account executive at Yelp, educating business owners on the power of technology to increase revenue. Throughout, however, her heart remained with tech journalism, and she’s thrilled to be writing for Security Baron. When she’s not keeping afloat of the latest tech trends, Aliza likes to cook, read, and write. A former high school “Class Clown,” Aliza has completed two feature-length screenplays, a pilot, and countless comedic sketches. On her days off you can find her relaxing in Prospect Park, trying the latest flavors at Ample Hills Ice Cream, and spending time with friends and family.

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