Maryland bolsters cybersecurity with new monitoring service

BALTIMORE, MD—The Maryland Department of Labor’s Office of Financial Regulation on Wednesday announced the implementation of SecurityScorecard, a cybersecurity monitoring service, to bolster its supervision of Maryland financial institutions. This move underscores the Office’s commitment to consumer protection in the face of evolving cyberthreats. SecurityScorecard will provide continuous, real-time monitoring of cybersecurity risks for state-regulated banks, credit unions, and other […]

Maryland settles with ACI Worldwide for unauthorized mortgage transactions from customer accounts

BALTIMORE, MD—The Maryland Department of Labor along with 43 state agencies across the nation have announced a legal settlement with ACI Worldwide for erroneously initiating electronic transactions for mortgage loans serviced by Mr. Cooper (formerly known as Nationstar Mortgage, LLC) from the accounts of 480,000 consumers throughout the United States. “We want all Maryland businesses and residents to understand the […]