Global Markets: Capital One says it was hacked

By MarketsFarm

WINNIPEG, July 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– In excess of 100 million computer files belonging to Capital One were hacked, the corporation announced on Monday. Approximately 100 million files pertaining to United States individuals and 6 million files in Canada were affected. Paige Thompson, a software engineer, was arrested and appeared in U.S. court yesterday. It’s believed the she hacked into Capital One between March 12 and July 17. The corporation said it discovered the problem on July 19. The damage included about 1 million social insurance numbers of Canadian credit card customers that were compromised.

– On the second day of face-to-face U.S./China trade talks in Shanghai on Tuesday, U.S. President Donald Trump took to Twitter to lash out at China. Trump accused China of continuing to “rip off” the U.S. buy not purchasing more agricultural products. Reports stated the two largest economic superpowers are further away from a deal than three months ago when negotiations broke down. China has called on the U.S. to meet it halfway.

– The United Kingdom pound tumbled on Tuesday in reaction to Prime Minister Boris Johnson’s Brexit stance. Against the U.S. dollar, the pound fell to US1.2120 in overnight trade, its lowest point since March 2017. Johnson has claimed he will renegotiate the UK’s Brexit deal with the European Union, but the latter has steadfastly refused. Johnson has threatened to take the UK out of the EU without a deal by October 31, despite the move posing a serious threat to the global economy.

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