Cybersecurity

Capital One Touted the Cloud’s Safety as Hacker Was Breaching It

  • Lender ‘one of the most cloud-forward companies,’ CEO has said
  • About 100 million U.S. consumers affected by the latest breach
Photographer: Mark Abramson/Bloomberg
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Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure.

Then a hacker got into the cloud, siphoning off sensitive information for more than 100 million of Capital One’s customers.