What is the latest on the Capital One data hacking?

[Lawrence McOchillo]

[Simon Mugo]

Capital One Financial Corp. (NYSE:COF) announced on Monday that a hacker had gained access to data belonging to 100 million US customers and 6 million Canadian customers in a breach that occurred on 19th July. The lender was quick to reassure customers that the hacker did not get access to credit card numbers, but that they had accessed the names, phone number and addresses of the affected customers. The hacker also got access to the credit scores, dates of birth, bank balances, credit limits, and payment histories of the affected customers. The bank reassured its clients that it was quite unlikely that the stolen information could be used to perpetrate fraudulent activities against the affected individuals. Luckily, the hacker responsible for the breach, Paige Thompson, was arrested on Tuesday morning after claiming responsibility for the hacking event after investigators had tracked her from an online forum. The lender has promised to notify all the affected persons and to provide credit monitoring and identity theft protection to those affected for free. Ms Thompson was charged with computer fraud in a Seattle court and a hearing is set for 1st August.