Flagstar Bank Details

    Organization Logo

    Flagstar Bank

    Troy, Michigan • employees • Financial Services

    Industry

    Financial Services

    Security Incidents

    1

    Flagstar Bank is an American commercial bank headquartered in Troy, Michigan. A wholly owned subsidiary of New York Community Bank, Flagstar is one of the largest residential mortgage servicers in the United States, and was among the largest banks in the United States prior to its acquisition in 2022.

    Security Incidents

    Flagstar Bank Breach of Jun 2022
    Severity Score
    Moderate to Significant

    Type

    Data Breach

    Summary

    In June 2022, Flagstar Bank disclosed a significant data breach that had occurred in December 2021, affecting over 1.5 million customers. The breach was attributed to a sophisticated cyber attack that exploited a vulnerability in the bank's network, allowing unauthorized access to sensitive customer information. Compromised data included names, Social Security numbers, and other personal identifiers. Flagstar Bank promptly notified affected individuals and offered complimentary credit monitoring and identity protection services. The incident underscored the importance of robust cybersecurity m...
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    Severity

    The Flagstar Bank cyber security incident of June 2022 was severe as it led to the exposure of personal data belonging to up to 1.5 million customers. Hackers accessed sensitive information during the breach, indicating a significant security lapse.

    Impact

    The breach impacted 1.5 million customers by leaking their personal information, potentially exposing them to risks of identity theft and fraud. Flagstar Bank notified affected individuals, reported to federal law enforcement authorities, and initiated measures to address the breach.

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