Flagstar Bank says hack impacted 1.5 million customers

Abstract

Flagstar Bank in Troy, Michigan, was hit with a massive data breach last winter. In a disclosure Friday to the Office of the Maine Attorney General, the bank revealed that a two-day breach in early December affected 1,547,169 customers. Flagstar says it's providing customers two years of complimentary Kroll credit monitoring services. The bank closed $8.2 billion in mortgage loans during the first quarter of 2022. The company is also in the midst of a merger with New York Community Bank. The firm is in the middle of a year in the make-up and is trying to become a national bank.