May 17, 2024
Finance

HUB Cyber Security Secures $8 Million in Financing to Accelerate Growth and Strengthen Financial Position

HUB Cyber Security Ltd. TEL AVIV, Israel, April 05, 2024 (GLOBE NEWSWIRE) — via IBN – HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and services (‘HUB’ or the ‘Company’), is pleased to announce a successful $8 million financing acquisition via a straight debt arrangement. This strategic financing is part of

Read More
Mortgage

Nations Direct Mortgage says breach hit 83,000 customers

A cyberattack in December compromised the sensitive data of 83,108 customers of Nations Direct Mortgage, the lender disclosed March 14. The Henderson, Nevada-based wholesale company revealed few details of the hack to its customers in notices shared with the Office of the Maine Attorney General. The one-day incident on December 30, 2023 came amid a

Read More
Mortgage

Academy Mortgage blamed for dragging its feet on hack alert

Academy Mortgage is accused of slow-walking its effort to inform customers of a data breach that took place in mid-2023, which has made them vulnerable to identity theft. A class action suit filed in the state of Utah by a former borrower alleges Academy lost control of its computer network and of highly sensitive personal

Read More
Loans

Title and wire fraud risk soared in 4Q loans

A string of attacks that hit high profile mortgage players in recent months demonstrate that cybercrime continues to be a pressing issue for the financial services industry, and a fourth quarter report reveals that the resulting risk of fraud is getting worse.   There is usually an uptick in fraud at the end of the year

Read More
Mortgage

Loandepot faces class action over PII exposure during breach

A class action suit filed in California accuses Loandepot of failing to implement adequate measures to protect its customer data. In early January, the lender and servicer reported some of its systems were brought down by a cyber attack, during which malicious actors gained access to the personal identifiable information of 16.6 million current and

Read More
Mortgage

Academy Mortgage says data breach hit 284,000 customers

Academy Mortgage says it stopped a data breach last March that exposed the personal identifiable information of 284,443 customers.  In a notice to the Office of the Maine Attorney General, the Draper, Utah-based lender did not say whether the incident was related to a ransomware gang’s alleged hack last year. Mortgage customer and employee names,

Read More
Mortgage

Loandepot latest victim of a cyberattack

Loandepot was hit by a cyberattack, the company announced Monday. The top-ranked mortgage lender “determined that the unauthorized third-party activity included access to certain company systems and the encryption of data,” per a filing with the Securities and Exchange Commission. As a result, it took some operations offline. The company did not provide specifics regarding

Read More