Capital One Breach Exposes Data of 106 Million Customers

A hacker accessed the personal data of about 106 million credit card customers and applicants of Capital One Financial, the fifth-largest credit card company in the U.S., making it one of the biggest such breaches of a large bank. Federal authorities arrested 33-year old Paige Thompson, who is accused of breaking through the bank’s firewall to access data stored on Amazon’s cloud service. Most of those exposed by the hack were customers and small businesses who applied for credit cards between 2005 and early 2019. Continue reading Capital One Breach Exposes Data of 106 Million Customers

Could Facebook Patent Be Used to Approve or Deny Loans?

Facebook just filed for a patent that tracks how users are networked together. The patent can be used to prevent people from sending spam to those they’re not legitimately connected with. But the patent filing also describes a less savory possibility: that banks and other lenders could examine the credit scores of those in your network when deciding whether or not to make a loan to you. For some experts, at least, this conjures up visions of housing discrimination, aimed at the poor and people of color. Continue reading Could Facebook Patent Be Used to Approve or Deny Loans?