Lessons Learned from Capital One’s Data Breach

Published in BankBeat, Weaver’s Mehul Lalloobhai shares valuable lessons to be learned from Capital One’s data breach, including measures that all banks, large or small, should have in place.    

• “When an organization is the victim of a cybersecurity breach, the immediate concern is the compromised data. The damage to brand reputation, potential lawsuits, regulatory fines and stringent compliance oversight are sure to follow — carrying a hefty price tag — all of which is a sober reminder that the breach itself is only the beginning of a long road ahead. The importance of implementing and maintaining prevention measures to mitigate cybersecurity risks is as critical as ever.”

Continue reading Mehul’s article directly on BankBeat.  

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