Adrian Johnson
TLDR: Mr. Cooper Denies Link Between Cyber Attack and PII on Dark Web
Key Points:
- Mr. Cooper disputes claims linking a ransomware attack to customers’ personal information being leaked on the dark web.
- The lawsuit accuses Mr. Cooper of negligence in protecting customer PII, but the company asserts it has strong cybersecurity practices in place.
Mr. Cooper is facing a class action lawsuit alleging that a cyber breach last October resulted in the leak of personal identifiable information (PII) on the dark web. The company has denied these claims, stating that there is no evidence linking the ransomware attack to customer data being exposed.
The lawsuit accuses Mr. Cooper of failing to adequately protect customer PII, while the company maintains that it has robust cybersecurity practices in place. Despite ongoing consequences for those impacted by the breach, including incidents of spam and fraudulent credit card activity, Mr. Cooper asserts that plaintiffs have not alleged sufficient injury to justify their claims.
The company is set to file a motion to dismiss the class action, emphasizing that plaintiffs’ concerns are speculative and lack a coherent connection to the data stolen. While Mr. Cooper has incurred significant expenses related to the incident, it remains open to settlement discussions at the appropriate time.
Plaintiffs in the suit demand that Mr. Cooper implement and maintain reasonable security measures, such as audits on its systems and engaging third-party personnel for security testing. The case highlights the growing threat of cyberattacks and the importance of companies adhering to regulations and industry standards to protect customer data.
