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loanDepot estimates data breach cost over $12 million
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Consumer Protection, Corporate Governance
Friday, March 1, 2024
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The recent ransomware attack against loanDepot compromised personal data belonging to nearly 17 million individuals and cost the company between $12 million and $17 million, according to first-quarter company estimates. The full financial impact of the incident could be much higher as the country’s fifth-largest mortgage lender faces multiple legal challenges related to the breach.
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