In response to a recent cyber incident, President and CEO Frank Martell of an unnamed company reported that operations were promptly restored, albeit with financial implications. The incident led to a temporary disruption in business activities, resulting in lost revenue and additional expenses for the organization.
Key points from the statement by Frank Martell:
– The company was able to resume operations swiftly following the cyber incident
– The incident had financial repercussions in the form of lost revenue
– Additional expenses were incurred as a result of the disruption
– The incident highlighted the importance of cybersecurity measures for businesses
Overall, the cyber incident had a tangible impact on the company’s financial standing, despite the quick restoration of operations. The incident serves as a reminder of the need for robust cybersecurity protocols in today’s digital age.
You can read this full article at: https://www.housingwire.com/articles/impacted-by-a-cyberattack-loandepot-delivers-a-q1-loss-of-38m/(subscription required)
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