March 19, 2024 at 08:19AM
Nations Direct Mortgage notified over 83,000 individuals of a December 2023 data breach leading to unauthorized access of personal information including names, addresses, and Social Security numbers. The company claims no evidence of data exfiltration or fraudulent use and is offering identity monitoring services. Nations Direct faces a class action lawsuit and is one of several US financial firms reporting security incidents recently.
After reviewing the meeting notes, here are the key takeaways:
1. Nations Direct Mortgage has reported a data breach that affected over 83,000 individuals in December 2023.
2. Compromised personal information includes names, addresses, Social Security numbers, and Nations Direct loan numbers.
3. The company claims that no evidence of data removal or fraudulent use of personal information has been found.
4. Nations Direct contained the incident promptly and notified the relevant authorities.
5. Affected individuals will receive identity monitoring services at no cost.
6. The company is facing a class action lawsuit, and law firms are investigating the incident.
7. Nations Direct is among several US financial services firms to have disclosed security incidents, including Fidelity National Financial, First American, LoanDepot, Mr. Cooper, and Prudential Financial.
8. Nations Direct Mortgage is an approved Fannie Mae and Freddie Mac seller and servicer.
These takeaways reflect the key details and implications of the data breach disclosed by Nations Direct Mortgage, providing a clear summary of the meeting notes.