Data security

The customers were affected by an incident involving a Progress Software program used by Sovos Compliance.

Ransomware attacks are an increasingly significant threat to the home finance industry.

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.

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.

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?

Ransomware gang Cl0p is currently threatening 50 companies with releasing data it stole from them late last month.

Carrington Mortgage Services and its vendor also face three new federal lawsuits, which claim the number of customers impacted in their incidents exceeds 3 million clients.

The government-sponsored enterprise plans to further decentralize security services, which will enable risk management across the business, said Chita Elango, senior director of application security.

The New York State Department of Financial Services found the company failed to adequately protect itself from data breaches. Since 2018, OneMain has suffered multiple cybersecurity incidents.

The hackers, on their dark web blog, recently threatened to release supposed company and borrower information if the lender did not pay.