Data security

Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems and data used for Social Security benefits and tax refunds. 

The market for cyber breach reinsurance coverage is increasing, and policies are becoming more specialized, according to cyber insurance executives from Guy Carpenter, Aon, Liberty Mutual and Swiss Re.

Bayview Asset Management and three affiliates settled multistate allegations that their handling of a 2021 data breach failed to meet certain standards.

The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.

Plaintiffs argue that Mr. Cooper's hefty payment to Alphv hinged on the promise that the criminal organization would delete stolen customer PII.

Respondents suggest generative AI, regulations and cyber insurance will all play a role in cybersecurity next year.

The lender and servicer is spending $9.3 million on security upgrades in addition to its pending $25 million fund for consumers and their attorneys.

Lenders face rising costs from new regulations, including a first-of-its-kind AI law impacting companies that serve Colorado consumers.

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.

Lenders have 36 hours to notify HUD of incidents, similar to Ginnie Mae's stringent 48-hour window.

In a report Tuesday, credit bureau Experian predicted that government identity systems could get an update in the coming year. Here's what else could happen.

The proposed class action lawsuit comes after Anniemac revealed that over 170,000 of its customers may have had their data leaked.

While companies tend to amp up warnings to consumers about fraud and scams during the holidays, institutions may also need to bulk up their defenses.

Vista Point Mortgage and Rockport Mortgage reported attacks on their systems, with over 14,000 customers potentially affected by compromised data.

Litigation filed by the company points to a total of $30 million losses that have yet to be covered by its insurance partners, including Berkshire Hathaway.

The two-day intrusion into the lender and servicer's systems in August may have compromised customers' Social Security numbers.

Consumer Financial Protection Bureau Director Rohit Chopra said opposition to the bureau's recently finalized open banking rule should be viewed as banks and other large firms attempting to quash competition and stymie consumer data protection.

A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.

JPMorgan Chase and bank trade groups criticized the Consumer Financial Protection Bureau's open banking rule for not providing enough data security.

The settlement pending a judge's approval would end the lawsuit over a hack last December.