Fintech Nexus Publication (January 22, 2024): LoanDepot’s cyberattack remains to be ongoing


This yr has not began effectively for loanDepot.

We first heard the information two weeks in the past that the mortgage lender had suffered a cyber assault that shut down important techniques. 

The incident remains to be ongoing and this morning we discovered that, along with lots of their techniques being down, the non-public data of 16.6 million folks has been compromised.

Many shoppers have been unable to course of mortgage funds or start a mortgage utility. Some techniques nonetheless seem like down however the mortgage utility course of was working once more this morning.

The mortgage lending business has had a tough time prior to now 18 months with rising rates of interest resulting in a dramatic decline in refinancing and new house loans. 

That is the very last thing one of many main gamers wants proper now.

LoanDepot says 16.6 million prospects had ‘delicate private’ data stolen in cyberattack

By Zack Whittaker

About 16.6 million LoanDepot prospects had their “delicate private” data” stolen in a cyberattack earlier this month, which the mortgage and mortgage large has described as ransomware. The mortgage firm mentioned in a submitting with federal regulators on Monday that it might notify the affected prospects of the info breach.

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  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm targeted on fintech. Peter has been writing about fintech since 2010 and he’s the creator and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview collection.


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