Capital One is one of the largest credit card issuers in the world. On July 29th 2019, Capital One made an announcement, confirming it is the victim of one of the largest data breaches in financial sector history, as a former software engineer for Amazon has been indicted on charges related to the hacking.
From an objective point of view, the amount of trust that people put with companies based on the Internet is pretty astounding. In addition to providing whatever product or service they offer, these companies are often given highly sensitive information with hardly a second thought from the consumer. Here, we’ll review how millions of people learn that this trust was misplaced each year, why these companies want all this data in the first place, and how important it is to follow a few data collection best practices in your own business.
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