July 30, 2019

STATEMENT BY FINANCIAL SERVICES SUPERINTENDENT LINDA A. LACEWELL REGARDING THE CAPITAL ONE DATA BREACH

NEW YORK – Department of Financial Services (DFS) Superintendent Linda A. Lacewell today released the following statement on the Capital One data breach:

“The Department of Financial Services has been following the ongoing developments surrounding the data breach at Capital One, which is regulated by the U.S. Office of the Comptroller of the Currency. The data breach exposed the personally identifiable information of 100 million people.

“New York continues to protect consumers from the theft of their personally identifying information.  Our cybersecurity regulation went into effect three years ago, and we recently announced a next step by becoming the first state banking or insurance regulator to create a Cybersecurity Division.

“Today’s news about Capital One is just the most recent breach threatening the financial security and privacy of our consumers.  These attacks are occurring with alarming regularity, and we remind all DFS-regulated entities to comply with required updates to their information and technology systems and to meet the standards set by New York’s cybersecurity regulation.

“DFS will continue to use all the tools at its disposal to protect New Yorkers.”

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