BELLINGS

Interlock ransomware claim triggers lawsuit against NFM Lending

A ransomware claim against NFM Lending highlights the growing cybersecurity risks facing middle-market lenders, where operational disruptions can quickly translate into credit stress. The lawsuit underscores how cyber incidents are evolving from IT issues into material credit events that can impact borrower liquidity and covenant compliance. For credit professionals, this case signals the need for heightened due diligence on cybersecurity protocols and insurance coverage, as ransomware exposure increasingly factors into risk assessments and loan documentation in the leveraged finance space.

Source: HousingWire