Tennessee-based mortgage lender confirms December cyberattack

Summary: Mortgage Investors Group (MIG), a major mortgage lender in the Southeast U.S., experienced a cybersecurity incident that exposed sensitive customer information. The attack, attributed to the Black Basta ransomware gang, has raised concerns about the security of financial institutions in the housing industry.

Threat Actor: Black Basta | Black Basta
Victim: Mortgage Investors Group | Mortgage Investors Group

Key Point :

• Unauthorized access to MIG’s computer environment led to the exposure of sensitive personal information.
• The incident was discovered on December 12, one day after the attack began.
• MIG has over 300,000 customers and has secured more than $30 billion in closed loans since its inception.
• The Black Basta ransomware gang has targeted multiple sectors and claimed responsibility for this attack.
• Ransomware attacks on financial institutions have disrupted housing purchases in recent years.