Press Release

August 06, 2020 Federal Reserve Board issues enforcement action with Capital One Financial Corporation For release at 11:00 a.m. EDT Share The Federal Reserve Board on Thursday announced a cease and desist order against Capital One Financial Corporation of McLean, Virginia. The enforcement action is the result of a significant data breach from March 2019 at the firm's national bank subsidiaries affecting the personal information of Capital One credit card customers and applicants for credit card products. The Board supervises the bank holding company and is requiring it to enhance its risk-management program and related governance and controls, specifically around cybersecurity and information security. The Board's action is being taken in conjunction with a separate action against the national bank, which is overseen by the Office of the Comptroller of the Currency. For media inquiries, call 202-452-2955 Attachment (PDF)

Federal Reserve (2020, August 5). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20200806_federal_reserve_board_issues_enforcement_action

@misc{wtfs_press_release_20200806_federal_reserve_board_issues_enforcement_action,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2020},
  month = {Aug},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20200806_federal_reserve_board_issues_enforcement_action},
  note = {Retrieved via When the Fed Speaks corpus}
}