Planet Home Lending Notifies Nearly 200k of November 2023 Data Breach | Console and Associates, P.C. | #ransomware | #cybercrime

On January 25, 2024, Planet Home Lending, LLC filed a notice of data breach with the Attorney General of Maine after discovering that the company was recently the target of a ransomware attack. In this notice, Planet explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, addresses, Social Security numbers, loan numbers, and financial account numbers. Upon completing its investigation, Planet began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.

If you received a data breach notification from Planet Home Lending, LLC, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Planet Home Lending data breach. For more information, please see our recent piece on the topic here.

What Caused the Planet Home Lending Data Breach?

The Planet Home Lending data breach was only recently announced, and more information is expected in the near future. However, Planet’s filing with the Attorney General of Maine provides some important information on what led up to the breach. According to this source, on November 15, 2023, Planet Home Lending became aware of a ransomware attack targeting the company’s IT network. In response, Planet Home Lending contained the incident, terminated all unauthorized access, and then began working with third-party data security specialists to assist with its investigation.

On November 28, 2023, Planet Home Lending determined that the ransomware group was able to access a folder containing the loan information of certain Planet Home Lending customers. Evidently, the incident involved a vulnerability in software used by Planet Home Lending and created by Citrix Systems, Inc.

After learning that sensitive consumer data was accessible to an unauthorized party, Planet Home Lending reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, address, Social Security number, loan number, and financial account number.

On January 24, 2024, Planet Home Lending sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.

More Information About Planet Home Lending, LLC

Founded in 2007, Planet Home Lending, LLC is a financial services company based in Meriden, Connecticut. Planet Home Lending specializes in residential home mortgages and refinances, offering homebuyers and existing homeowners a range of lending options. Planet Home Lending employs more than 1,200 people and generates approximately $618 million in annual revenue.

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