Mortgage company Mr. Cooper has suspended operations after a cyberattack on October 31 compromised customer data. The company took immediate steps to contain the attack, including shutting down certain systems. The attack did not impact banking information. The firm is currently investigating the extent of the data breach and the potential consequences for customers. Mr. Cooper expects to incur up to $10 million in additional vendor costs in Q4 2021 due to the attack but does not foresee a significant impact on its business.
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