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Corporate Fraud

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Running head: CAPITAL ONE CORPORATE FRAUD 1
Capital One Corporate Fraud
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CAPITAL ONE CORPORATE FRAUD 2
Capital One Corporate Fraud
The recent decade has seen an increase in data breaches: Marriott International in 2018,
Home Depot in 2014, Target in 2013, and Anthem in 2015. However, in 2019, one of the most
significant data breaches in history occurred when a hacker obtained access to the accounts and
credit or debit card applications of over one hundred million Capital One clients (Lu, 2019).
Thompson Paige, 33 years, was charged in July with hacking into a Capital One database and
obtaining two hundred and fifty thousand Social Security numbers, one and half a million
Canadian Public Health insurance numbers, and seventy thousand bank account details, as well
as an unspecified amount of individuals' addresses, names, credit limits, balances, credit scores,
and other data, as per the bank and the United States Justice Department (DOJ). According to a
court filing, Thompson exchanged information online with others. She worked previously for
Capital One's cloud hosting provider (Amazon Web Services). Capital One stated that the breach
occurred in March and that the business has since patched the issue (Novaes et al., 2020). When
a significant breach occurs, it can subject financial firms to an increase in transaction fraud,
resulting in identity fraud for many consumers affected by the breach.
Without knowing the full scope of the individual information published, Capital One had
to rethink its financial services detective and preventive methods for verifying who people claim
they are. So, they had to ensure they were doing the right thing validating individuals asking for
accounts. It had a significant influence on finance companies that allow customers to open online
accounts. According to a person with firsthand knowledge of the hack investigation, the intrusion
was facilitated in part by a misconfigured accessible software firewall that Capital One utilized
as a part of its cloud-based operations hosted by Amazon Web. Thompson could deceive the
firewall into forwarding requests to critical rear resources on the network due to a configuration

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Running head: CAPITAL ONE CORPORATE FRAUD Capital One Corporate Fraud Students Name Instructor's Name Course Work Institution Date 1 CAPITAL ONE CORPORATE FRAUD Capital One Corporate Fraud The recent decade has seen an increase in data breaches: Marriott International in 2018, Home Depot in 2014, Target in 2013, and Anthem in 2015. However, in 2019, one of the most significant data breaches in history occurred when a hacker obtained access to the accounts and credit or debit card applications of over one hundred million Capital One clients (Lu, 2019). Thompson Paige, 33 years, was charged in July with hacking into a Capital One database and obtaining two hundred and fifty thousand Social Security numbers, one and half a million Canadian Public Health insurance numbers, and seventy thousand bank account details, as well as an unspecified amount of individuals' addresses, names, credit limits, balances, credit scores, and other data, as per the bank and the United States Justice Department (DOJ). According to a court filing, Thompson exchanged information online with others. She worked previously for Capital One's cloud hosting provider (Amazon Web Services). Capital One stated ...
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