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.

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

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

The administration wants to implement a 36 hour window of time for companies to report a cyber incident to the agency.

The Bay Area lender said an unauthorized party was in its servers for over five weeks this spring.

Ally customers are blaming the bank for data breaches at its vendors, arguing that basic cybersecurity measures would have prevented the thefts.

As home prices rise, leading to larger transaction amounts, Certifid doubled the amount of wire fraud insurance coverage provided for transfers it vets.

Home lending professionals shared their thoughts on vendors, artificial intelligence and the most valuable solutions technology could give them in a new Arizent survey.

Cybersecurity incidents at vendors often expose their business partners to significant risk. What are the threats lenders face, and how can they strengthen their defenses?