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Action required California DFPI CA Aug 24, 2026

Proposed CA DFPI Regulation on Cybersecurity Failures

On August 21, 2026, California DFPI ordered a mortgage company to pay $825,000 due to cybersecurity failures leading up to a ransomware attack.

On August 21, 2026, California DFPI ordered a mortgage company to pay $825,000 due to cybersecurity failures leading up to a ransomware attack.

What changed

The order cites violations of the GLBA Safeguards Rule, particularly regarding governance and access control.

Compliance perspective

Mortgage companies should assess their cybersecurity measures and compliance with the GLBA to avoid similar penalties.

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