The fallout surrounding the Capital One cyberattack continues with a woman filing a class action lawsuit against the financial holdings company as Democratic presidential hopeful Elizabeth Warren criticizes the CEO.
Capital One was hacked in March. However, it didn’t notice the breach until July 19. It announced the digital assault a few days later when the woman who allegedly breached the company’s digital defences was arrested.
In the end, over 106 million of Capital One’s customers’ private data was compromised in the breach.
Now a legal firm out of Ontario has filed a class action lawsuit on behalf of Canadians affected by the breach, according to Global News. Six million Canadian people were affected by the attack. The chief representative plaintiff is a woman from Ontario who had acquired a Costco Wholesale MasterCard through Capital One.
The lawsuit comes as Massachusetts Democrat has sent a letter to Capital One’s CEO Richard Fairbank. She pressed him on the why the bank had failed to detect the breach for nearly four months and how it plans to prevent a breach in the future.
“It is also disturbing that Capital One did not detect the breach until nearly four months after the incident,” Warren wrote, according to American Banker
Copyright © 2018 RegTech Analyst
