Cyber angst: Orange County companies zero in on data breaches

Margot Roosevelt reports:

Last year, according to the Mount Olympus Mortgage Co. in Irvine, several of its officers secretly downloaded confidential information on hundreds of loan customers and transferred five gigabytes of data to a competitor.

The loan officers then deleted files and emails on their computers and went to work for that rival, Chicago-based lender Guaranteed Rate, which has offices in Irvine, Newport Beach and Santa Ana.

But Mount Olympus, a 38-employee operation also known as MOMco, recovered the information, including more than 1,000 emails between its former mortgage bankers and their soon-to-be new employer, according to a lawsuit it filed last year in Orange County Superior Court.

Read more on Orange County Register.

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