HomeTrust Mortgage disclosed customers' names, addresses and Social Security numbers may have been compromised in the incident.

Tech executives say that improperly incorporating new software with existing systems can result in breaches and leaked personal identifiable information.

Regulators are raising alarm over the design applications that can manipulate consumers into buying products or services or compromise their personal information.

Some of the hacks in question are confirmed to have impacted millions of customers, while the full scope of other incidents have yet to be disclosed.

Plaintiffs in two similar class action complaints accuse the companies of failing to protect their Social Security numbers and loan information.

In an exclusive interview, the moderate Virginia Democrat and co-chair of the Community Development Financial Institution Caucus touched on the future of community development, cybersecurity and nonbank regulation. 

The businesses, like other victims of such incidents, have not identified the culprit nor type of attack.

The companies are the latest mortgage businesses to face class action complaints from consumers impacted by the cyberattacks.

Cybersecurity expenses and threats

A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.