Loan Depot the non banking financial services firm has reported to the SEC that it is managing a cybersecurity incident.

Loan Depot the non banking financial services firm has reported to the SEC that it is managing a cybersecurity incident. Loan Depot is a California-based nonbank holding company and is a significant participant in the U.S property market. Selling mortgage and non-mortgage lending services supporting clients mortgage and refinance property.

The company’s share price rose from first trading yesterday by around 13% to then fall back 4% at market close.

The hack against Loan Depot is another example of cyber attacks against the property sector over the past 6 months. Attacks that have moved up and down the property purchase value chain affecting sales, conveyancers, and financing.

One waits to see what information will be made available, if any, as the attack unfolds.

Ted Dziekanowski Brian D. McCarthy Rich Waite, M.Ed. George Sawyer

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberattacks

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Loan Depot the non banking financial services firm has reported to the SEC that it is managing a cybersecurity incident.

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