Key insight: Cyber risk and the potential for an economic downturn are the leading concerns amongst bankers surveyed by fintech IntraFi. Supporting data: Cyber risk topped bankers’ concerns, with 29% of respondents citing cyber as a top concern, followed by 22% for an economic downturn and 17% for risks related to continuity at the Federal […]
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Losses from real estate cybercrimes soared last year as criminals utilized more artificial intelligence and cryptocurrency scams, the Federal Bureau of Investigation reported. Processing Content The industry’s cybercrime losses topped $275 million in 2025, a 59% increase from approximately $174 million in real estate-related losses in 2024, according to the bureau’s Internet Crime Complaint Center.
FBI: Real estate cyberfraud rises with more AI, crypto scams Read More »
A Finance of America customer has fired off a data breach class action lawsuit against the company for a hack that allegedly occurred two weeks ago. Processing Content Melanie Place filed the negligence complaint against the lender and servicer last week in a Texas federal court, based on a limited report of an incident. A
Finance of America faces early data breach class action Read More »
A former US Mortgage employee is suing the lender for failing to protect his personal data in a hack last year, which the company has said it took swift action to address. Processing Content Richard Bernich sued the Long Island-based company in federal court for negligence, the latest data breach suit against a mortgage player
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Mortgage lenders operate in an environment defined by regulatory scrutiny, cybersecurity threats, and capital pressure. Yet many institutions still underestimate the risk management gaps that expose mortgage lenders to enforcement actions, litigation, and reputational harm. These gaps rarely stem from a single failure. Processing Content Instead, they emerge from overlooked controls, fragmented oversight, and outdated
Risk management gaps that expose mortgage lenders Read More »
Markets are just starting to digest and react to the events unfolding across the Middle East after this weekend’s attack on Iran by the U.S. and Israel. Processing Content The most recent attacks are an escalation of the military exchange between the U.S and Israel against Iran last summer. But while those attacks were focused
The big risks banks face in the US-Iran conflict Read More »
Key insight: Attackers are bypassing technical security by impersonating IT staff and tricking employees into handing over credentials. What’s at stake: The leak hits Figure during a critical financial window, coinciding with the pricing and upsizing of a secondary stock offering. Supporting data: The breach exposes approximately 967,000 unique email addresses, along with names, physical
Data breach hits 1 million Figure customers Read More »
Anywhere Real State suffered a data breach in August that affected 17,429, the company notified impacted customers. Processing Content A notorious ransomware and extortion gang known as Clop gained access to the company’s Oracle E-Business Suite environment and viewed or copied sensitive customer data, according to a notice with the Office of the Maine Attorney
Anywhere data breach affects 17,000 customers Read More »
Supporting data: The financial services sector saw 739 data compromises in 2025, the highest of any industry for the second consecutive year. Key insight: “Skimming 2.0” marks a resurgence of physical threats, with criminals deploying Bluetooth-enabled overlay skimmers at points of sale. Forward look: Regulators warn that reliance on third parties for critical activities creates
Banks remain most breached sector as attacks hit record Read More »
Bayview Asset Management has agreed to a $26 million settlement to resolve data breach claims for a prospective class of around 5.8 million consumers. Processing Content The sides published the agreement Wednesday in a Florida federal court, and it’s subject to a judge’s approval. The deal would close sprawling class action litigation filed in 2022,
Bayview to pay $26 million to settle data breach claims Read More »