NY ATTORNEY GENERAL JAMES ANNOUNCES INVESTIGATION INTO CAPITAL ONE CONSUMER DATA BREACH

-A +A
0

[Consumer Protection News]
NY Attorney General James: “It is becoming far too commonplace that financial institutions are susceptible to hacks, begging the questions: Why do these breaches continue to take place? And are companies doing enough to prevent future data breaches?"
Photo: Facebook

Attorney General Letitia James today released the following statement following news that Capital One’s system was breached, and that the personal information of 100 million consumers was illegally accessed:

“Today, 100 million consumers across America are wondering if they were unfortunate enough to be a victim of the most recent data breach. Though Capital One’s breach was internal, the fact still remains that safeguards were missing that allowed for the illegal access of consumers’ names, Social Security numbers, dates of birth, addresses, and other highly sensitive, personal information.

“It is becoming far too commonplace that financial institutions are susceptible to hacks, begging the questions: Why do these breaches continue to take place? And are companies doing enough to prevent future data breaches?

“My office will begin an immediate investigation into Capital One’s breach, and will work to ensure that New Yorkers who were victims of this breach are provided relief. We cannot allow hacks of this nature to become every day occurrences.”

Last week, Attorney General James led a nationwide announcement providing restitution to the more than 147 million consumers affected by the breach of Equifax Inc. in 2017.

Additionally, Attorney General James, last week, applauded the signing of the Stop Hacks and Improve Electronic Data Security (SHIELD) Act — a legislative priority of the Office of the Attorney General during the 2019 session — into law. This major overhaul of data security laws expands the trigger for data breach notifications, requires all companies that collect or store personal information to maintain appropriate safeguards, and broadens the Attorney General’s oversight and ability to fine companies for failure to protect personal information.

Also Check Out...

 Victoria Nyanjura was abducted from her Catholic boarding school in northern Uganda by members of the Lord’s Resistance Army
Former LRA Captive Restoring
Botswana has rejected the African Union’s decision to grant observer status to Israel.
Botswana Rejects Israel’s Bid For
"Bob Moses contextualized education as a civil rights issue and created the Algebra Project as an innovation and example of teac
Bob Moses Honored With New
Simone Biles made her return to the competition floor -- and it didn't disappoint.
Olympics: Simone Biles Wins Bronze
Born Marcel Theo Hall in Harlem, the future Biz Markie spent his formative years on Long Island, eventually getting involved in
Rap Royalty Biz Markie Remembered
Meet the founders of Novae LLC, the first Black-owned fintech company to offer Buy Now, Pay Later services
Black-Owned FinTech Company