Capital One Says Data Breach Hit Over 100 Million Customers

Jul 30, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Capital One, one of the largest banking corporations in the US, revealed Monday that it is the latest company involved in a security breach affecting consumers. This time, over 100 million individuals in the United States and six million in Canada have been affected.

The breach was, according to federal prosecutors cited by several media sources, the work of a single hacker, a Seattle-based woman currently in custody of the FBI. 

Capital One said “no credit card account numbers or log-in credentials were compromised.” According to the statement, though, “about 140,000 Social Security numbers of our credit card customers” and “about 80,000 linked bank account numbers of our secured credit card customers” were compromised. 

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

Capital One stated that the breach occurred March 22nd and 23rd of this year, though it wasn’t discovered until July 19th as a result of an internal investigation. Prompted by an external security researcher, the inquiry identified a cloud-computing service as the point of vulnerability and the method which the suspect used to gain access.

Most of the data stolen was what consumers and small-business owners entered when they applied for a Capital One credit card “from 2005 through early 2019,” the bank said.

“This information included names, addresses, zip codes/postal codes, phone numbers, email addresses, dates of birth, and self-reported income,” the statement added. The hacker also stole “credit scores, credit limits, balances, payment history, contact information.”

This news comes on the heels of Equifax’s settlement for its own data breach in in 2017, which will provide up to $125 to those affected if approved.

While it’s impossible to know the extent of the damage from this breach, there are a few steps you can take to help protect yourself. We’ve written about credit monitoring services, which alert you to possible fraud, in the past, as well as how to freeze your credit if your information has been stolen. Most importantly, however, is making sure that you keep yourself safe online in order to stop hackers in their tracks.

Bank of America® Premium Rewards® Visa® credit card

This card from Bank of America gets really interesting if you have a BofA checking, savings or investment account. Depending on the value of your combined accounts you can potentially get as much as 3.5x points on travel/dining and 2.625x points on other purchases making it the richest consumer banking bonus out there.

Apply Now
More Things to Know
  • Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
  • No limit to the points you can earn and your points don't expire
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
  • No Foreign Transaction Fees
  • Low $95 annual fee
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable APR on purchases and balance transfers
Annual Fee
$95
Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.