Loan servicer agrees to $20M fine over 2021 cybersecurity breach

Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers. Continue reading

Fortify your digital fortress with solid password management

Robust password management practices, such as using unique, complex passwords, enabling multi-factor authentication, and utilizing password managers, can protect sensitive client information and safeguard online businesses, cybersecurity expert Robert … Continue reading

Polly, nCino integration could help lenders build referral business

A growing network of partners including CoreLogic and Byte Software are accessing Polly’s capital markets platform and product and pricing engine through open APIs. Continue reading

AI-enabled deepfakes will drain your client’s bank account

The rise of AI-enabled deepfakes presents a formidable challenge in combating financial fraud, cybersecurity expert Robert Siciliano writes, providing cybercriminals with unprecedented capabilities. Continue reading

Ransomware group claims it was behind loanDepot cyberattack

The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group. Continue reading

LoanDepot is latest real estate company to be targeted by hackers

Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations. Continue reading

Title insurer First American and many subsidiaries remain offline

The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline. Continue reading

LoanCare says data breach affected 1.3M mortgage customers

Parent company Fidelity National Financial has not said whether other subsidiaries were affected in cybersecurity incident it discovered and contained in November. Continue reading

First American Financial warns clients to watch out for fake emails

Two days after being hit by a cyberattack, the title insurance giant says it’s still trying to restore operations and warns clients that it’s taken its email system offline. Continue reading

Title insurer First American Financial is hackers’ latest target

The nation’s second biggest title insurer issues terse statement saying it’s taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims. Continue reading