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LoanDepot Confirms Ransomware Attack in SEC Filing

One of America's largest retail mortgage lenders has revealed a significant ransomware breach in a new regulatory filing.
LoanDepot claims to service tens of thousands of customers, with loans of over $140bn.
Although not named explicitly, the combination of data theft and encryption points to a ransomware breach.
Mortgage expert, Colin Robertson, claimed on X that customers' recurring mortgage payments would still be processed automatically as usual.
Others wishing to do so will need to call the company direct, he added.
Unsurprisingly, angry customers took to social media to vent their rage.
This is the latest in a string of attacks on the sector.
Last month, mortgage servicer Mr Cooper revealed that an October breach impacted 14.7 million customers, with names, addresses, phone numbers, Social Security numbers and bank account details among the information taken.


This Cyber News was published on www.infosecurity-magazine.com. Publication date: Tue, 09 Jan 2024 09:30:45 +0000


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