Capital One looked to the cloud for security. But its own firewall couldn’t stop a hacker.

In 2015, Capital One’s chief information officer, Rob Alexander, promoted the steps the bank had taken to protect its financial data. In his keynote address at an Amazon Web Services conference, Alexander said Capital One had looked to AWS to meet customer demand, cut back on its data centers and boost security, especially since “the financial services industry attracts some of the worst cyber criminals.”

By Rachel Siegel