Will Capital One compensate victims of data breach like Equifax is doing?

Will Capital One compensate victims of data breach like Equifax is doing?

New York: Data from more than 100 million US citizens and 6 million Canadian residents had been stolen by a hacker, Capital One said Monday.

It said If you applied for a credit card from the US bank between 2005 through 2019, your information is likely part of this breach.

The data includes roughly 140,000 US Social Security numbers and about 80,000 bank account numbers.

The hacker also stole about 1 million Canadian social insurance numbers in the breach.

The report comes just days after credit-reporting company Equifax agreed to pay between $575 million and $700 million victim of 2017 Equifax data breach.

The settlement, the largest ever for a data breach, was approved by a court earlier this month under which the credit-reporting company agreed to pay between $575 million and $700 million.

The announcement by Capital One, the bank holding company which specializes in credit cards has people wondering whether customers can force it to compensate them for the data breach like Euifax.