A former US Mortgage employee is suing the lender for failing to protect his personal data in a hack last year, which the company has said it took swift action to address. Processing Content Richard Bernich sued the Long Island-based company in federal court for negligence, the latest data breach suit against a mortgage player […]
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Mortgage lenders operate in an environment defined by regulatory scrutiny, cybersecurity threats, and capital pressure. Yet many institutions still underestimate the risk management gaps that expose mortgage lenders to enforcement actions, litigation, and reputational harm. These gaps rarely stem from a single failure. Processing Content Instead, they emerge from overlooked controls, fragmented oversight, and outdated
Risk management gaps that expose mortgage lenders Read More »
Markets are just starting to digest and react to the events unfolding across the Middle East after this weekend’s attack on Iran by the U.S. and Israel. Processing Content The most recent attacks are an escalation of the military exchange between the U.S and Israel against Iran last summer. But while those attacks were focused
The big risks banks face in the US-Iran conflict Read More »
Key insight: Attackers are bypassing technical security by impersonating IT staff and tricking employees into handing over credentials. What’s at stake: The leak hits Figure during a critical financial window, coinciding with the pricing and upsizing of a secondary stock offering. Supporting data: The breach exposes approximately 967,000 unique email addresses, along with names, physical
Data breach hits 1 million Figure customers Read More »
Anywhere Real State suffered a data breach in August that affected 17,429, the company notified impacted customers. Processing Content A notorious ransomware and extortion gang known as Clop gained access to the company’s Oracle E-Business Suite environment and viewed or copied sensitive customer data, according to a notice with the Office of the Maine Attorney
Anywhere data breach affects 17,000 customers Read More »
Supporting data: The financial services sector saw 739 data compromises in 2025, the highest of any industry for the second consecutive year. Key insight: “Skimming 2.0” marks a resurgence of physical threats, with criminals deploying Bluetooth-enabled overlay skimmers at points of sale. Forward look: Regulators warn that reliance on third parties for critical activities creates
Banks remain most breached sector as attacks hit record Read More »
Bayview Asset Management has agreed to a $26 million settlement to resolve data breach claims for a prospective class of around 5.8 million consumers. Processing Content The sides published the agreement Wednesday in a Florida federal court, and it’s subject to a judge’s approval. The deal would close sprawling class action litigation filed in 2022,
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Rocket Mortgage is being accused of selling mortgage applicants’ sensitive financial data to third parties, via surreptitious trackers on its website. Processing Content Gary Fedoroff, who applied online for a refinance last November, filed a class action lawsuit in a California federal court last week accusing the megalender of unlawfully disclosing applicants’ information. The complaint
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SitusAMC is gearing up for a legal battle over the fallout of its data breach last fall, as eight class action complaints have been consolidated in federal court. Processing Content The cases quickly piled up after the industry vendor revealed in November that it suffered a cybersecurity incident. The company has emphasized no encryption nor
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Union Home Mortgage says it paid a ransomware gang to delete sensitive data they stole in a cyberattack last year. Processing Content The nonbank lender made the admission last month in federal court, part of a motion to dismiss a class action lawsuit from borrowers affected by the hack. The company also described how the
Union Home Mortgage says it paid ransom in data breach case Read More »