Technology

From HW Magazine

Creating a culture of IT security

How to boost your company’s cybersecurity efforts
The state of corporate cybersecurity is constantly in flux. With new threats emerging and multiplying quickly, the stakes are high for making sure company systems and data are always secure. According to the 2018 Cost of a Data Breach Report, the average cost of a data breach across industries and countries is $3.86 million, a 6.4% increase from 2017 and a nearly 10% net increase over the past five years. It is no surprise that business leaders are continually looking to lessen the risks.
Read More
From HW Magazine

Buy, don’t build

Why digital lending solutions are better with a partner
In the digital age, every sort of business should offer its clients a digital experience, and lenders are absolutely no exception. Clients, including borrowers, expect to be able to interface with their lender online and at their convenience, and the elegance and ease-of-use of a digital lending experience may be what decides a borrower on where to take their business.
Read More

Compass raises another $400 million, now valued at $4.4 billion

SoftBank invests in real estate tech company, again
Is Compass the one real estate tech startup to rule them all? The company certainly has enough money to do so. Compass announced this week that it just raised another $400 million in its Series F funding round, which reportedly values the company at $4.4 billion.
Read More

Facebook reveals 50 million accounts breached in cyberattack

Hackers obtained login information for 50 million accounts; another 40 million were at risk
Facebook just announced that 50 million accounts were affected in a cyberattack that comprised users' login information. According to a statement from the social media giant, which is a popular marketing tool among real estate agents and loan officers, hackers exploited a vulnerability in Facebook’s code that allowed them to steal access tokens.
Read More

Ocwen’s $360 million acquisition of PHH to close in days

Deal gets thumbs-up from regulators, but NYDFS has some conditions
Ocwen Financial’s $360 million acquisition of PHH Corp. is set to close within the next two weeks after approvals are received from all relevant regulatory agencies and governmental entities, the companies announced Friday morning. But the companies didn’t skate through the approval process totally unscathed. Finalizing the deal comes with some conditions from the New York Department of Financial Services, which has long been a thorn in Ocwen’s side.
Read More

Elon Musk accused of securities fraud over Tesla tweets

SEC claims Musk’s tweets about taking Tesla private violated securities laws
Tesla Chairman and CEO Elon Musk committed securities fraud when he tweeted about taking the company private without actually securing funding as he claimed he had, the Securities and Exchange Commission claimed Thursday.
Read More

Opendoor secures $400 million investment from Japan’s SoftBank

Growing direct homebuyer now has $3 billion in financial backing
Growing direct homebuyer Opendoor now has $3 billion in financial backing (yes, that’s “billion” with a “b”) thanks to a sizable new investment from Japanese technology company SoftBank Group. Opendoor announced Thursday that it secured a $400 million investment from SoftBank Vision Fund, SoftBank’s investment arm. But that's not all the funding Opendoor recently secured.
Read More

Remine launches mobile MLS platform

Gives real estate agents contact info on 300 million consumers
MLS platform Remine just launched a mobile multiple listing service platform covering the 35 largest MLS markets in the nation. The app allows user to view new opportunities on the run, provides contact information on more than 300 million consumers and has a chat function for conversations between agents.
Read More

JPMorgan expands blockchain network payments to 75 international banks

Ledger network seeks to ease processing times for non-traditional payments
JPMorgan has expanded blockchain-based payments to more than 75 international financial institutions in an effort to ease processing times for non-traditional payments. According to reporting by Financial Times (paywall), more than 75 banks, including Société Générale and Santander, are now testing the Interbank Information Network, or IIN.
Read More