On September 29, 2023, Cornerstone Home Lending filed a notice of data breach with the Attorney General of Texas after discovering that information provided to the company by consumers was subject to unauthorized access. In this notice, Cornerstone explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, financial account information and addresses. Upon completing its investigation, Cornerstone 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 Cornerstone Home Lending, it is essential you understand what is at risk and what you can do about it. As we’ve previously discussed in similar posts, any data breach that impacts your private information is alarming. However, those that affect your Social Security number are especially concerning. This is because hackers can easily use your SSN to commit identity theft and other frauds. 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 Cornerstone Home Lending data breach.
What Caused the Cornerstone Home Lending Breach?
The Cornerstone Home Lending data breach was only recently announced, and more information is expected in the near future. Unfortunately, Cornerstone hasn’t posted a detailed description of the breach yet, and the company’s filing with the Attorney General of Texas provides little information on what led up to the breach. However, what we do know at this point is that information that was provided to the company by consumers was compromised in what appears to be some kind of cyberattack. It is unclear if the attack was against Cornerstone directly or whether hackers targeted one of the company’s vendors.
Regardless, after learning that sensitive consumer data was accessible to an unauthorized party, Cornerstone 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, Social Security number, financial account information and address.
On September 29, 2023, Cornerstone 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 which information of theirs was compromised.
More Information About Cornerstone Home Lending
Established in 1988, Cornerstone Home Lending is a consumer mortgage company based out of Houston, Texas. Cornerstone Home Lending is a division of Cornerstone Capital Bank, which is a large Texas-based financial institution. Cornerstone Home Lending offers homeowners a variety of loan products, including residential mortgages, FHA loans, VA loans, jumbo loans and investment property loans. Cornerstone has more than 100 locations in 18 states across the country. Cornerstone Home Lending employs more than 1,950 people and generates approximately $2.4 billion in annual revenue.