TechCrunch is reporting that LoanDepot was hit with a cyberattack over the weekend. Here’s the details:
Mortgage and loan giant LoanDepot said Monday it is experiencing a cyberattack and that it’s “working diligently to restore normal business operations as quickly as possible.”
The Irvine, California-based company said in a brief statement on its cybersecurity incident page that it has “taken certain systems offline” and is “working quickly to understand the extent of the incident and taking steps to minimize its impact.”
LoanDepot confirmed the cyberattack in a filing with federal regulators, describing the incident as involving the “encryption of data,” implying a ransomware attack.
“In response, the company shut down certain systems and continues to implement measures to secure its business operations, bring systems back online and respond to the incident,” the regulatory filing reads.
When reached by email, LoanDepot spokesperson Jonathan Fine reiterated the company’s statement, but declined to comment further or say whether the company has received a ransom demand from the hackers.
Gene Yoo, CEO, Resecurity had this comment:
High volume and high return attacks is where the adversaries are going to use this tactic to force organizations like this and others to react. This is not just about a problem with them, but having the lives of every digital identity of these consumers impacted 10x.
But let’s be realistic here, there’s also no way that the adversaries are “targeting” – we have too many open doors and windows at our edge.
I’ll be interested to find out what the threat actors got and what they’re doing right now. Given that this is now out in the public domain, I expect that we’ll get answers on that very soon.
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This entry was posted on January 8, 2024 at 4:18 pm and is filed under Commentary with tags Hacked. You can follow any responses to this entry through the RSS 2.0 feed.
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LoanDepot Was Pwned Over The Weekend
TechCrunch is reporting that LoanDepot was hit with a cyberattack over the weekend. Here’s the details:
Mortgage and loan giant LoanDepot said Monday it is experiencing a cyberattack and that it’s “working diligently to restore normal business operations as quickly as possible.”
The Irvine, California-based company said in a brief statement on its cybersecurity incident page that it has “taken certain systems offline” and is “working quickly to understand the extent of the incident and taking steps to minimize its impact.”
LoanDepot confirmed the cyberattack in a filing with federal regulators, describing the incident as involving the “encryption of data,” implying a ransomware attack.
“In response, the company shut down certain systems and continues to implement measures to secure its business operations, bring systems back online and respond to the incident,” the regulatory filing reads.
When reached by email, LoanDepot spokesperson Jonathan Fine reiterated the company’s statement, but declined to comment further or say whether the company has received a ransom demand from the hackers.
Gene Yoo, CEO, Resecurity had this comment:
High volume and high return attacks is where the adversaries are going to use this tactic to force organizations like this and others to react. This is not just about a problem with them, but having the lives of every digital identity of these consumers impacted 10x.
But let’s be realistic here, there’s also no way that the adversaries are “targeting” – we have too many open doors and windows at our edge.
I’ll be interested to find out what the threat actors got and what they’re doing right now. Given that this is now out in the public domain, I expect that we’ll get answers on that very soon.
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This entry was posted on January 8, 2024 at 4:18 pm and is filed under Commentary with tags Hacked. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.