Mortgage and loan giant LoanDepot said Monday it is experiencing a cyberattack and that it’s “working diligently to restore normal business operations as quickly as possible.”
LoanDepot confirmed the cyberattack in a filing with federal regulators, describing the incident as involving the “encryption of data,” implying a ransomware attack.
The cyber incident at LoanDepot is the latest in a series of cyberattacks targeting the loan and mortgage industry in recent months.
A November ransomware attack on Fidelity National Financial, one of the largest insurance providers in the United States, knocked the company offline for more than a week.
In December, mortgage and loan company Mr. Cooper said hackers had stolen the personal data on more than 14 million customers during an October cyberattack.
Mr. Cooper said it would incur at least $25 million in additional costs as a result of the incident, largely to pay for the credit monitoring of its affected customers.
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