We live in an era of increasing data insecurity, with data breaches and leaks a common occurrence, and reports of identity theft growing year on year. One question netizens have been asking online is what this threat environment means for loan and mortgage information. Read on for our take.
Data Leaks: Bank Loan and Mortgage Information
Bank loan and mortgage information is a common target in data-based cyberattacks. In recent years, we’ve seen several such leaks that together constituted tens of millions of banking records, including loan and mortgage data. The first of these was uncovered in 2019, and revolved around the data company, Ascension, having its systems breached. Clients of Ascension involved such giants as Wells Fargo, Citigroup, and HSBC; 24 million records were left exposed for over two weeks, with the data including:
- mortgage agreements,
- tax documents,
- and repayment schedules.
Shortly after this, another trove of documents (23,000 pages long) was discovered on an unprotected Amazon server. This data was a goldmine for fraudsters and included:
- Social Security numbers,
- bank account numbers and balances
- home addresses,
- tax forms,
- and income/asset data.
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Source: news.trendmicro.com
ENB
Sandstone Group
