February 25, 2024
Loans

Sage Home Loans / Lenox Financial Announces Data Breach Affecting Consumers Sensitive Information | Console and Associates, P.C.


On February 2, 2024, Sage Home Loans Corporation, formerly known as Lenox Financial Mortgage Corporation (“Lenox”), filed a notice of data breach with the Attorney General of California after discovering that it was the recent victim of a cyberattack. In this notice, Lenox explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, addresses, driver’s license numbers, financial account information and medical information. Upon completing its investigation, Lenox began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.

If you received a data breach notification from Sage Home Loans Corporation, it is essential you understand what is at risk and what you can do about it. The letter may have also been sent by Lenox Financial Mortgage Corporation, which is the name previously used by Sage Home Loans. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Sage Home Loans data breach. For more information, please see our recent piece on the topic here.

What Caused the Sage Home Loans Data Breach?

The Sage Home Loans data breach was only recently announced, and more information is expected in the near future. However, Lenox’s filing with the Attorney General of California provides some important information on what led up to the breach. According to this source, on December 19, 2023, Lenox detected unusual activity within its computer system that appeared to be related to a ransomware attack.

In response, Lenox took steps to secure its network and then began working with outside cybersecurity specialists to investigate the incident. Ultimately, Lenox was able to determine that an unauthorized actor gained access to the Lenox network on December 5, 2023, and obtained certain data from the network on December 19, 2023.

After learning that sensitive consumer data was accessible to an unauthorized party, Sage Home Loans reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, Social Security number, address, driver’s license number, financial account information and medical information.

On February 2, 2024, Sage Home Loans sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.

More Information About Sage Home Loans Corporation

Sage Home Loans Corporation is a financial services company based out of Santa Ana, California. Previously known as Lenox Financial Mortgage Corp., Sage Home Loans is a mortgage lender that does business under the name WesLend Financial. The company allows borrowers nationwide to apply for and obtain a mortgage online. Sage Home Loans employs more than 300 people and generates approximately $24 million in annual revenue.



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