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Shares of American Eagle Outfitters Inc. declined significantly by over 13% following the company’s release of weaker-than-expected …
June 21, 2022: -A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of over 100 million people almost three years ago in one of the most significant data breaches in the U.S.
Paige Thompson was the software giant as an engineer until 2016 and was found blameworthy of seven federal crimes, including wire fraud, which carries up to 20 years in prison on Friday.
The additional charges, such as illegally accessing and destroying a protected computer, are punishable by five years in prison. A release said that a jury found Thompson not guilty of heightened identity theft and access device fraud after 10 hours of deliberations.
Prosecutors claimed that Thompson worked under the name “erratic” and created a tool to search for misconfigured accounts on AWS.
That allowed her to hack into accounts from more than 30 Amazon clients, including Capital One, and mine that data.
Prosecutors claimed Thompson had used her access to some servers to mine cryptocurrency that went to her wallet.
“She wanted data, she wanted money, and she wanted to brag,” Assistant United States Attorney Andrew Friedman said of Thompson in closing arguments during the week-long trial.
In December, Capital One agreed to pay $190 million to settle a class-action lawsuit over the breach, in complement to an earlier agreement to pay $80 million in regulatory fines. According to the complaint, the data stolen had about 120,000 social security numbers and roughly 77,000 bank account numbers.
U.S. District Judge Robert S. Lasnik set Thompson’s sentencing for Sept. 15.
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