December 27, 2023 at 12:46PM
LoanCare, a sub-servicing provider overseeing $390 billion in balances from 1.2 million loans, reported a data breach at its parent company, Fidelity National Financial. Approximately 1.3 million borrowers’ sensitive information was compromised, including names, addresses, Social Security numbers, and loan numbers. LoanCare is offering affected individuals identity monitoring services through Kroll.
Based on the meeting notes, the key takeaways are:
– LoanCare, a major player in the mortgage servicing sector, has notified 1,316,938 borrowers about a data breach that compromised sensitive information, including full names, physical addresses, Social Security Numbers, and loan numbers.
– The parent company, Fidelity National Financial, suffered a cyberattack, leading to unauthorized access to its systems and data theft.
– Recipients of the data breach notification are urged to remain vigilant against unsolicited communications and are being offered enrollment in a two-year identity monitoring service through Kroll.
– Another prominent title insurance provider, First American Financial Corporation, also disclosed a cyberattack with ongoing system restoration, and there are concerns about potential customer data exposure.
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