General World News

Pennymac, RoundPoint report data breach

Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software, per filings with the Attorney General in California. 

Sovos, which provides services to financial companies, said that its vendor Progress Software had a vulnerability in its MOVEit Transfer application on May 31, 2023. Sovos uses the application to provide services to its customers, including Pennymac and RoundPoint.

Sovos said that when the company became aware of the incident, it immediately took the application offline, activated its incident details ⇒

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