Items Tagged with 'Hacker'

ARTICLES

  • Facebook hack affected fewer users than initially thought

    Only 30 million of the estimated 50 million accounts at risk were affected
    Another statement from Facebook regarding the recent hack of user information came out on Friday. The social media giant says that there were fewer people who had their access tokens stolen than they originally estimated, saying that of the 50 million people who were believed to have been affected by the crack in its security protocols, only 30 million actually had their information stolen.
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  • Facebook reveals 50 million accounts breached in cyberattack

    Hackers obtained login information for 50 million accounts; another 40 million were at risk
    Facebook just announced that 50 million accounts were affected in a cyberattack that comprised users' login information. According to a statement from the social media giant, which is a popular marketing tool among real estate agents and loan officers, hackers exploited a vulnerability in Facebook’s code that allowed them to steal access tokens.
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  • Ukrainian man jailed for selling hacked financial information that led to $31 million loss

    Ruslan Yeliseyev sold more than 60,000 credit card numbers, online banking logins
    A Ukrainian man will spend the next six years in a U.S. prison after being convicted of trafficking in stolen financial information, including more than 60,000 credit card numbers and online banking logins. The stolen and trafficked personal information led to an estimated loss of $31 million from the victims’ online banking accounts and credit cards.
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  • T-Mobile hit by data breach, 2 million customers affected

    Company says financial information was not exposed
    T-Mobile announced this week it has experienced a data breach that exposed the personal information of two million of its customers to hackers. In a note to customers, the company said that the information exposed did not include personal financial data, such as credit card information, or sensitive personal information like Social Security numbers and passwords.
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  • Another former Equifax employee charged with insider trading

    SEC charges former manager for dumping stock before data breach announcement
    On Thursday, the Securities and Exchange Commission announced insider trader charges against a former Equifax manager for dumping stock prior to the company’s announcement of a data breach that exposed the data of more than 143 million American consumers to hackers.
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  • Cybersecurity experts: Data breaches are a matter of when, not if

    So you better be prepared
    To hear several cybersecurity experts tell it, data breaches are all but inevitable at every company, no matter how small they may be. The only choice for companies, at this point, is to be prepared for what’s coming. That was the message during the “Business Response to Cyber Risk” panel held Monday at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference, which is going on right now in Miami.
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  • Equifax reveals 2.4 million more people were victims of data breach

    Additional names and partial driver’s license information stolen by hackers
    Equifax revealed Thursday that an additional 2.4 million people are victims of the company’s 2017 data breach. Initially, the company said the personal information of approximately 143 million people was stolen. Now, it turns out that the number of victims is actually closer to 148 million.
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  • American Pacific Mortgage sues insurer after hacker stole funds from lender

    Claims Aspen Specialty Insurance is in breach of contract
    American Pacific Mortgage filed a lawsuit in federal court this week against Aspen Specialty Insurance Company, claiming that the insurance company is refusing to cover a claim filed after a hacker impersonated the mortgage company’s former CEO and stole more than $75,000 from the company.
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  • Mortgage data isn't secure: Here's why and how to fix it

    The risk of a major attack is growing
    The mortgage market suffers from a security dichotomy — haves vs. have-nots. The biggest players boast well-advanced security and large, dedicated security teams, while the smaller companies struggle. This means that the risk of a major attack is growing.
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  • Fitch Ratings to servicers: It’s imperative you maintain robust IT security

    The standard for servicers rated by Fitch
    The massive amount of data and money that passes through the mortgage finance industry makes it extremely susceptible to attacks from hackers. Plus, it’s not a matter of if it will happen; it’s already going on, and the threat of cyberattacks is only increasing. Fitch Ratings is making sure it is staying in front of the problem and is stressing the importance of a robust information technology for servicers.
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