Data breaches

The industry vendor SitusAMC has not publicly disclosed how many consumers, nor how many banks and lenders, were impacted in a cyberattack last fall.

The lender claims the ransomware gang behind a breach provided proof it deleted compromised customer information, and it hasn't appeared on the dark web since.

The wholesale lender fell victim to a data incursion two years ago in a months-long period marked by several high-profile cybersecurity incidents.

The Troy, Michigan-based lender and servicer faces at least seven lawsuits over a hack in June allegedly perpetrated by a known ransomware gang.

Class action lawsuits accuse the lender and servicer of negligence over the incident which compromised the sensitive data of tens of thousands of customers.

A Texas federal court ruled that borrowers suing Mr. Cooper over its data breach in 2023 had "sufficiently alleged injury," thus refusing to dismiss parts of the case.

Companies that lack artificial intelligence governance may spend hundreds of thousands of dollars more in responding to cyberattacks, IBM found.

One mortgage firm is out of business months after a cybersecurity incident, which compromised the personal information of over 30,000 of its former clients.

Pacific Residential Mortgage discovered the ransomware incident just weeks after the successful completion of its merger with an Ohio-based lender.

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

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

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

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

The lender says it's reached an "agreement in principle" to end a consumer class action complaint over its wide-ranging January hack.

The cloud storage provider has notified 165 potentially exposed businesses.

The title insurance giant was one of several major mortgage players to suffer a hack late last year.

A Connecticut judge gave preliminary approval of a $2.42 million settlement between the plaintiffs and Planet Home Lending. Plaintiffs could receive up to $2,000 from the settlement fund.

All lenders experiencing system breaches must report the incidents within 12 hours of detection, the administration announced.

The hack that occurred in December affected 27,746 mortgage customers, the South Carolina-based lender said.

After gaining access to On Q systems via vendor software, unknown parties were able to obtain and remove client personal information, including Social Security numbers.