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Barr stresses need to manage ‘evolving’ cyber risks following loanDepot attack
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Banking, Emerging Technology, Government Oversight, Securitization
Friday, January 19, 2024
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Many systems forced offline during loanDepot’s recent ransomware attack are operational again, according to a webpage devoted to keeping customers updated about its efforts to restore services. The nonbank originator is one of a string of companies hit by recent cyberattacks, which Federal Reserve Gov. Michael Barr referenced during a cybersecurity conference.
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