Yes there has been yet another huge data breach. This time it is Capital One which according to Wikipedia “is a bank holding company specializing in credit cards, auto loans, banking and savings accounts headquartered in McLean, Virginia.”
According to their statement posted on their website the person in question has been arrested.
Rich Mogull of DisruptOPS, a company that assists organisations secure their cloud infrastructure said “There is a basic skills and knowledge gap that everyone in the industry is fighting to deal with right now,” Mogull said. “For these big companies making that move, they have to learn all this new stuff while maintaining their old stuff. I can get you more secure in the cloud more easily than on-premise at a physical data center, but there’s going to be a transition period as you’re acquiring that new knowledge.” This is true as companies are moving from on-premise technologies to the cloud for various reasons. This can be to cut cost or to simplify their infrastructure among many other factors. Rich continues to say that “one major challenge for companies moving their operations from sprawling, expensive physical data centers to the cloud is that very often the employees responsible for handling that transition are application and software developers who may not be as steeped as they should in security”
The company was hit with a lawsuite and it is certain more will come their way.