> The breach has so far cost US bank Capital One, one of the 30 institutions affected, more than $270m in compensation and regulatory fines.
The bank claims that it is hacker's fault.
But isn't it wrong? Bank was fined and sued not for having been a victim of a hack but for not storing data securily, not configuring the cloud accounts properly. For not following required procedures. Therefore, as I understand, the bank should have been fined even if there were no breach.
Or are they blaming the hacker for exposing the violations? Do they assume that it is ok to violate regulations as long as nobody knowns about it? That's ridiculous.