The Atlanta-based company agreed to pay about $700 million in a settlement with regulators.Ĭapital One said in a statement that it is offering free credit monitoring and identity protection to affected customers. The personal information of 147 million people - or roughly half the country - was exposed. In 2017, Equifax reported one of the largest data breaches ever. “Any unauthorized transaction over $50, you're protected.” “You have protections under the law,” Wu said. Experts also have been urging consumers to monitor their accounts for suspicious charges - and then report them to their banking institutions. Wu recommended consumers freeze their credit reports, too.įreezing a credit report prevents anyone from opening up new accounts fraudulently. “At this point, consumers should realize there's a pretty good chance that your information - your Social Security number, date of birth - might be out there in the hands of hackers." “This is the latest of many, many breaches of our personal and sensitive financial data,” said Chi Chi Wu, staff attorney for the National Consumer Law Center in Boston. "I’m assuming that mine wasn’t one of the ones, or I’m hoping," she said.Ĭonsumer advocates are urging Capital One customers to freeze their credit reports, by going online or calling one of the three big credit bureaus - Equifax, Experian or TransUnion. Magler said she wasn't too concerned if some of her information was taken, like her name, but she worried her address and credit history might have been compromised. She received an email from Capital One notifying her of the breach. "It's just like, 'well, it's another one,' " said Faye Magler said, who was visiting Boston from Idaho. It's the latest high-profile hack in a string of consumer data breaches in recent years. "I think I’m getting ready to eliminate this one here," said Hairston, who said he might consider moving his money to another bank. The Virginia-based banking company said Monday that information from more than 100 million credit card customers and applicants had been accessed earlier this year by a hacker, including personal information and thousands of Social Security and bank account numbers.Īlthough Hairston has a Capital One checking account, not a credit card, he said the fact his bank was hacked makes him “anxious.” On Tuesday morning, Walter Hairston had just finished withdrawing some cash from a Capital One ATM in downtown Boston when he found out about the hack.
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