The Capital One hack of 2019 rumbles on, as the company agrees to pay $190 Million to settle a class-action law suit.

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The Capital One hack of 2019 rumbles on, as the company agrees to pay $190 Million to settle a class-action law suit. Whilst denying liability, both Capital One and AWS agree to settle to save time.

¢â‚¬Å“While Capital One and AWS deny all liability, in the interest of avoiding the time, expense and uncertainty of continued litigation, plaintiffs and Capital One have executed a term sheet containing the essential terms of a class settlement that, if approved by this court, will fully resolve all claims brought by plaintiffs,¢â‚¬Â according to a filing with the U.S. District Court for the Eastern District of Virginia.

Cyber is an expensive risk to manage. As this payment is on top of the remediation and other regulatory costs incurred by the insider hack.

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