Representatives for those customers, Capital One and Amazon Web Services -- the lender’s cloud provider -- jointly asked Judge
“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,” according to a filing with the U.S. District Court for the Eastern District of Virginia.
In July 2019, Capital One announced data from about
“The key facts in this case have not changed since we announced the event in coordination with federal authorities more than two years ago: the hacker was arrested and the stolen data was simultaneously recovered before it could be disseminated or used for fraudulent purposes,” Capital One said in an emailed statement Thursday. “We are pleased to have reached an agreement that will resolve the consumer class litigation in the U.S.”
Capital One has remained one of the financial industry’s earliest and
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