LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit mortgage payments or close deals since that time, TechCrunch reported Friday (Jan. 19). “LoanDepot is...
Banking giant JPMorgan Chase is not immune to the recent, global surge in cybercrime. Speaking at the World Economic Forum’s summit in Davos Switzerland, Mary Callahan Erdoes, head of the bank’s asset and wealth management division, said fending off cyber criminals is a big task. “The fraudsters...
Two U.S. senators want the Securities and Exchange Commission (SEC) to up its cybersecurity game after a recent hack. Last week, someone breached SEC’s account on X to falsely announce the regulator’s long-awaited approval of bitcoin exchange-traded funds (ETFs). While that approval would come a day later, the phony...
Mortgage company loanDepot experienced a cybersecurity incident on Monday (Jan. 8). In a cyber incident update posted on its website on Monday at 6 a.m. ET and remaining there at 6 p.m. ET, loanDepot said that in response to the incident, it has taken certain systems offline and is...
Cloud-native security provider Aqua Security has secured $60 million in funding in an extension of its Series E round, achieving a valuation above $1 billion. With this addition, the company has raised $325 million since its founding in 2015, Aqua Security said in a Wednesday (Jan....
Cybercriminals have shown over the past year that sophisticated technology is not always necessary to carry out successful cyberattacks. Several incidents in 2023 have highlighted the effectiveness of simple hacking techniques in breaching security, Bloomberg reported Wednesday (Dec. 27). One notable trend is the use of social...
In today’s digitized and hyper-fast world, cyberattacks and the threat of security breaches abound. So, what are treasury leaders and companies to do to both protect themselves and mitigate the fallout from the ever-evolving cyber threat environment? There is no easy, one-size-fits-all answer, and that’s...
The ongoing digital transformation of commerce and payments has radically reshaped the holiday shopping season. On the one hand, it has never been easier — or more streamlined and immediate — to find a great deal on the perfect gift. But with the surge in...
Fidelity National Financial (FNF) says a recent cyberattack has disrupted its operations. The company, which provides title insurance settlement services to the real estate and mortgage industries, revealed the attack in a Securities and Exchange Commission (SEC) filing on Tuesday (Nov. 21). The filing said FNF began an...
