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Risks
1. Reputational Damage: Capital One Financial Corporation's data security breach may lead to irreparable reputational damage, as the incident reflects poorly on the company's reputation as a secure and reliable source of banking and financial services.
2. Monetary Losses: Capital One could face significant monetary losses resulting from the breach, including the costs of investigating and remediating the incident, as well as the potential fines and penalties associated with violations of consumer privacy laws.
3. Legal Action: Capital One may face legal action from customers, regulators, or other parties who were impacted by the breach or feel as though their rights were infringed upon.
4. Increased Data Regulation: The incident may prompt new regulations from the government or industry organizations that could affect the way Capital One collects, stores, and uses consumer data. This could also increase the company’s compliance costs.