loanDepot (LDI) Experienced a Cybersecurity Incident

loanDepot (NYSE: LDI) recently identified a cybersecurity incident affecting certain of the Company’s systems. Upon detecting unauthorized activity, the Company promptly took steps to contain and respond to the incident, including launching an investigation with assistance from leading cybersecurity experts, and began the process of notifying applicable regulators and law enforcement.

Though our investigation is ongoing, at this time, the Company has determined that the unauthorized third party activity included access to certain Company systems and the encryption of data. In response, the Company shut down certain systems and continues to implement measures to secure its business operations, bring systems back online and respond to the incident.

The Company will continue to assess the impact of the incident and whether the incident may have a material impact on the Company.

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