cyber
confidence high
sentiment negative
materiality 0.85
loanDepot cyber breach exposes sensitive data of 16.6M individuals; systems being restored
loanDepot, Inc.
- Unauthorized third party accessed sensitive personal info of approximately 16.6 million individuals in loanDepot systems.
- Company will notify affected individuals and offer free credit monitoring and identity protection services.
- Significant progress restoring loan origination, loan servicing, and MyLoanDepot/Servicing customer portals.
- CEO Frank Martell: 'sincerely regret any impact to our customers'; investigation ongoing.
- Company has not yet determined whether incident will materially impact financial condition or operations.