loanDepot, Inc. Data Breach
Last Updated on March 4, 2024
At A Glance
- What's Going On?
- Attorneys need to hear from people affected by the loanDepot data breach as they investigate whether a class action lawsuit can be filed.
- Does This Cost Anything?
- It costs nothing to get in touch or to talk to someone about your rights.
- What Can I Get?
- If filed and successful, a class action lawsuit could provide consumers with money for any harm resulting from the breach.
loanDepot Data Breach:
Lawsuit Investigation
Attorneys working with ClassAction.org are looking into whether a class action lawsuit can be filed in light of the loanDepot data breach.
As part of their investigation, they need to hear from individuals who received a notice stating they were impacted.
Non-bank mortgage lender loanDepot, Inc. suffered a data breach in January 2024 that exposed the sensitive personal information of almost 17 million people.
On January 8, 2024, loanDepot disclosed the cyber incident on its website and took specific systems offline during the event, later confirming it to be a ransomware attack that led to data encryption. An investigation found that the breach involved an unauthorized third party accessing the data of approximately 16.6 million individuals.
Two days before loanDepot published its online notice of the breach, customers reported having trouble logging into the company's payment portal. Several other online portals, including HELOC and the mellohome site, were also reportedly unavailable during the attack.
Although loanDepot has not said exactly what type of customer information was compromised and stolen from its systems, the company possesses confidential customer data, including financial and bank account details.
loanDepot said in a January 22 press release that it would be notifying individuals who had their information exposed.
If your information was exposed in the breach, attorneys want to hear from you. You may be able to start a class action lawsuit to recover compensation for loss of privacy, time spent dealing with the breach, out-of-pocket costs, and more.
A successful case could also force loanDepot to ensure it takes proper steps to protect the information it was entrusted with.
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