Cyber attacks

The credit union suffered a ransomware attack in June 2024 that affected nearly all of its banking systems.

An alarming percentage of cyberattacks in 2024 exposed eight or more pieces of sensitive customer information, a notable increase in severity. Banks need to have both proactive and reactive strategies in place to protect customers.

Data breaches in 2024 exposed billions of records, impacting financial firms, banks and consumers alike.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.

Loandepot and Mr. Cooper said they've spent tens of millions of dollars this year following recent, major hacks.

The attack knocked out online banking, mobile banking and the call center at Patelco Credit Union.

In a simulation exercise hosted by the Global Resilience Federation on Tuesday, banks and credit unions tested their ability to withstand an industrywide wiperware attack.

The attack is one of three major incidents the lender has suffered in the past three years.

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.