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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 -
Banks already share consumers' transaction data with fintechs, mostly through data aggregators, and often grudgingly through screen scraping. The proposed 1033 regulation could give more control to consumers, better data access to fintechs and a competitive edge to big banks over smaller ones, some observers say.
October 23 -
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