Cyber security
Cyber security
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Lawyers for the plaintiff maintain the companies should have been on notice of inadequate security measures after a reported data breach in 2022.
December 18 -
To make amends to former and current borrowers, Mr. Cooper is footing the bill for two years of complimentary identity protection services.
December 15 -
An increase in paper mail theft corresponds with a rise in physically altered checks that redirect funds to fraudsters.
December 10 -
While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.
November 29 -
To date, all of the lawsuits accuse the servicer of failing to secure and safeguard customers personal identifiable information.
November 29 -
Also, Wells Fargo, Finance of America entered into partnerships affecting real estate tax and cybersecurity solutions.
November 17 -
At least two legal actions have been filed in a Texas federal court.
November 14 -
Some of the lender's servicing systems continue to be shutdown as of Wednesday.
November 8 -
Some of the lender and servicer's systems are offline following the attack on Oct. 31.
November 2 -
The order follows a similar decree by the Securities and Exchange Commission for publicly traded firms to disclose incidents they deem "material."
October 30 -
The types of attacks ranged from malware, phishing and a zero-day hack of a vendor software which has rattled numerous bank and non-bank lenders.
October 19 -
The bank suffered its third breach in three years, this time by virtue of a vulnerability in Progress Software's file-transfer system. But Flagstar is only one of many such victims.
October 18 -
The FBI, NSA and CISA highlighted the emerging dangers of AI-powered deepfakes in phishing campaigns and cataloged protections companies can deploy.
September 13 -
Panelists from the Secret Service at a Mortgage Bankers Association conference Monday urged mortgage lenders to tweak their approach to reporting of wire fraud, home equity theft, investment scams and elderly-related financial crimes, which are on the rise.
September 12 -
The customers were affected by an incident involving a Progress Software program used by Sovos Compliance.
August 31 -
Ransomware attacks are an increasingly significant threat to the home finance industry.
August 21 -
Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.
August 4 -
The incident occurred in November 2020 when an unauthorized party gained access to company systems and deployed ransomware, resulting in compromise of employees' personal information.
July 20 -
The implementation plan the Biden administration released on Thursday seeks to shift liability for data breaches onto "the biggest, most capable" entities. Does that mean banks?
July 13 -
Ransomware gang Cl0p is currently threatening 50 companies with releasing data it stole from them late last month.
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