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Personal information compromised after data breach at major mortgage company
Channel 11 has learned that 14.7 million homeowners are impacted by the Mr. Cooper data breach. It impacts those who currently use the mortgage company as well as former customers.
Jay Bray, Chairman and CEO of Mr. Cooper sent out a letter to customers on Monday, letting them know about a data breach that happened in October. The company says its information security team identified the issue on Halloween and over the following weeks, identified that files containing borrowers’ personal information were stolen.
“It’s incredibly prevalent and the fraudsters are just getting better and better,” Brooklee Han, a real estate reporter for HousingWire, said.
Han covers wire fraud and cyber security and says while the Mr. Cooper breach is one of the larger ones she’s seen recently - it’s certainly not uncommon.