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LoanDepot hit by suspected ransomware attack
The mortgage and loan giant told regulators that it's experiencing a cybersecurity incident involving the "encryption of data."
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.
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