cyber
confidence high
sentiment negative
materiality 0.75
loanDepot reports cybersecurity incident with unauthorized access and data encryption
loanDepot, Inc.
- Unauthorized third-party activity accessed certain systems and encrypted data.
- Company shut down systems and launched investigation with leading cybersecurity experts.
- Process of notifying applicable regulators and law enforcement has begun.
- Company is working to bring systems back online and secure operations; impact assessment ongoing.
- Potential material impact on financial condition or operations not yet determined.