WiFi, Telecom, iOT

Capital One Data Breach Will Cost $150 Million

Capital One Bank is apologizing for its data breach that affected millions of applicants in the company’s database. The credit card company, which issued an apology for the cybersecurity issue, estimated the cost associated with the breach at an estimated $150 million.

The FBI apprehended the person involved in the data breach affecting nearly 100 million consumers in the United States and Canada, during a March incident. Capital One expressed its gratitude for the government agency for its help.

“While I am grateful that the perpetrator has been caught, I am deeply sorry for what has happened,” Richard D. Fairbank, Chairman and CEO of Capital One said. “I sincerely apologize for the understandable worry this incident must be causing those affected and I am committed to making it right.”

For more information about the Capital One data breach visit www.capitalone.com/facts2019.

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Monica Link

Monica Link

Monica Link is a New York City-based multimedia journalist, entrepreneur and performer. She produces media including content, stage, film and events. Her resume includes interviews with celebrities, New York Times bestsellers, executives and fashion designers. Ms. Link is the founder of Link4Productions Media and Entertainment. She serves as on on-air digital media journalist. Her media writing and on-air work include Bold TV, National Mortgage News, Tribes art reviews, and the New York Observer.