FundingShield in the News: National Mortgage News
A series of data breaches hit the financial services sector at the end of 2023 and into the new year, highlighting how vulnerable the mortgage industry can be to attacks from bad actors.
Millions of borrowers have had their personal identifiable information exposed, with Social Security numbers and bank account information shared to the dark web. These incidents have put mortgage stakeholders on alert regarding how they can protect their infrastructure going forward.
Companies recently impacted include: Loandepot, Mr. Cooper, Academy Mortgage, Fairway Independent Mortgage, Planet Home Lending, Fidelity National Financial and First American Financial Corporation…