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The title is a bit misleading, the hack was a theft of personal data, not money. The data also wasn't sold for that money. The $ 270m is an estimate (on the lo
by t0mas88 4y ago
The title is a bit misleading, the hack was a theft of personal data, not money. The data also wasn't sold for that money.
The $ 270m is an estimate (on the low side) of the total cost to the bank, based on being fined $ 80m by the regulator and paying $ 190m to affected customers as settlement in a class action lawsuit.
- capableweb 4y agoFull title is "Former AWS engineer convicted over hack that cost Capital One $270m", so yeah, misleading
- deleted 4y ago[deleted]
- kache_ 4y agoNot to mention the brand damage. Costco stopped using capital one in Canada, wonder if it was related.
- eli 4y agoCostco plays hardball with its banking partners. I'm sure it was about money.