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Capital One Bank announced on Monday that a hacker had gained access to over 100 million credit card applications affecting people in the United States and Canada.
According to the Washington Post, the hacker, Paige A. Thompson was arrested in Seattle by the FBI. This hack is reportedly the biggest to hit the Virginia-based banking firm. The firm’s chairman and chief executive Richard D. Fairbank made a statement about the hacker,” 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.” This hack is expected to cost the company between $100 million and $150 million in the near term.
The firm has also emphasized that no login-in credentials or credit card numbers were compromised during the breach.
Thompson has been charged with computer fraud and abuse.