Items Tagged with 'cyberattack'

ARTICLES

  • Deloitte confirms Fannie Mae and Freddie Mac not impacted in hack

    Deloitte client material left vulnerable
    [Updated] Mortgage finance giants Fannie Mae and Freddie Mac faced becoming victims of the recent Deloitte hacking revealed at the end of September, if an article published in the UK's Guardian remains true. So far, it does not appear the hackers targeted any information concerning Fannie Mae and Freddie Mac, according to developments provided to HousingWire by Deloitte.
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  • [Video] Here's everything you need to know about the Equifax security breach

    143 million consumers impacted
    The story continues to develop on the massive security breach at Equifax, one of the nation’s three largest credit reporting agencies. Last Thursday, the credit bureau revealed it was the victim of a “cybersecurity incident” that potentially impacts as many as 143 million U.S. consumers. As the story unfolds, HousingWire created the following video to give you a quick digest of everything you need to know.
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  • American Pacific Mortgage sues insurer after hacker stole funds from lender

    Claims Aspen Specialty Insurance is in breach of contract
    American Pacific Mortgage filed a lawsuit in federal court this week against Aspen Specialty Insurance Company, claiming that the insurance company is refusing to cover a claim filed after a hacker impersonated the mortgage company’s former CEO and stole more than $75,000 from the company.
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  • Here's how to protect your mortgage business from the recent, global cyber attack

    Banks on high alert as ransomware attack goes global
    Perhaps the most disturbing aspect of the attack, from a financial institution's perspective, is that it originated in a third-party service provider, proving that hackers have identified one of the weak spots in the financial ecosystem. In their attempts to automate the mortgage process, banks and other financial institutions rely on third-party providers to deliver a wide range of services and often have dozens of integrations with these providers.
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  • Hey banks! Survey says you’re too confident in your cybersecurity efforts

    The average bank faces 85 serious attempted cyber breaches annually
    Cybersecurity experts are working in overdrive to caution the mortgage finance industry that cyber attacks are a matter of when, not if. However, according to a new report from Accenture, banks are still too confident about their protection efforts. Are you overestimating your company’s ability to withstand the onslaught?
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  • Did the NSA spy on Middle East banks using the SWIFT network?

    New release from hacker group suggests U.S. compromised elements of global banking system
    Banks are under cyber attack from every side, including, if you believe the latest claim from the Shadow Brokers hacking group, the National Security Agency. In the case of the NSA, the latest data dump from the Shadow Brokers suggests the NSA’s motive was to surveil banking activity in the Middle East, not steal money, but any breach of security of the global messaging network could have significant consequences. 
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  • New York unveils sweeping cybersecurity regulations

    Banks, financial services industry will be required to amp up security
    Banks, insurance companies and other financial services companies that operate within the state of New York will soon be required to significantly increase their cybersecurity programs in an effort to further protect consumers’ personal and financial information.
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