Loandepot hack leaked almost 17 million customers’ SSNs
The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
Cyber attacks
How worried should banks be about the dangers of quantum computing?
Experts say banks should start stepping up their encryption now, because hackers can steal it now and decrypt it with quantum computing later.
Banks detected a record $886 million in ransomware payments in 2021
The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.
Breach data from Maine shows scope of bank, credit union exposures
The state's disclosure laws generated data that indicated millions of consumers had their personal details potentially compromised.
U.S. banks haven’t had a ‘digital Pearl Harbor’ yet. Is one coming?
When the U.S. announced sanctions against Russia two weeks ago, many feared U.S. banks would bear the brunt of a payback cyberattack. Experts disagree on why that hasn't happened and whether the danger has passed.
Equifax misled public on data breach, Warren claims
Sen. Elizabeth Warren released a scathing report Wednesday on Equifax's handling of the data breach last year, part of an effort to gain backing for legislation to rein in the credit bureaus.
Warren, Warner propose ‘massive’ fines for breaches at credit bureaus
The two senators are set to introduce a bill that would force such firms to pay $100 per customer whose personal information was compromised.
Can blockchain be used to build a better credit bureau?
Calls for less reliance on credit bureaus and Social Security numbers for verification are leading many to envision a future of identity on a distributed ledger.
Should CFPB have more power over credit reporting agencies?
CFPB Director Richard Cordray is using the Equifax breach to suggest the CFPB be given power to examine credit reporting agencies for potential cybersecurity lapses.
Senate Dems’ Equifax bill may gain surprising bipartisan support
Senate Democrats' legislative bid to reform the credit reporting industry is tempered and balanced, according to analysts, which could help it gain traction in the GOP-controlled Congress.
