What’s In Your Wallet?

“What’s in your wallet?”

Too soon?

The Capital One hack, a breach of 106M U.S. and Canadian customers, gave me flashbacks of the Equifax hack…you know, the one that led so many of us to freeze our credit reports.

What we know so far: A female software engineer in Seattle hacked into a server holding customer information for Capital One and obtained over 100M credit applications, as well as 1M+ Canadian social insurance numbers.

The New York Times is reporting that the bank expected the breach to cost up to $150M, including credit monitoring costs for affected customers.

The Capital One hacker, one Paige Thompson, was a former employee of Amazon Web Services and dropped signals in online fora and Slack that she might be the person behind the hack.

Back to Equifax: Just last week that company settled claims from the 2017 data breach for roughly $650M.

What’s in Capital One’s wallet? Ask again once the regulators are through with them.