Top Class Actions reports:
Mortgage lender loanDepot agreed to a $25 million settlement to resolve claims it failed to prevent a 2024 data breach that compromised the information of 16.9 million customers.
The loanDepot settlement benefits individuals who received a data breach notice from loanDepot informing them their information may have been compromised in a data breach between Jan. 3 and 5, 2024.
The loanDepot data breach reportedly compromised sensitive information, such as names, addresses, email addresses, financial account numbers, Social Security numbers, phone numbers and dates of birth.
Plaintiffs in the class action lawsuit claim that loanDepot could have prevented the data breach, but it failed to implement adequate cybersecurity measures and properly train its employees.
Read more at Top Class Actions.
