Items Tagged with 'Ransomware'

ARTICLES

  • MBA Tech: Here are the biggest cybersecurity threats to mortgage companies right now

    Ransomware and wire fraud are low-hanging fruit for criminals
    Cybersecurity experts on several panels at the MBA Tech conference in Detroit on Monday outlined the greatest risks the mortgage industry is facing right now and what companies can do to prepare. Among the worst things that could happen? A ransomware attack. This extortion scheme has morphed in recent years, with individuals or companies offering ransomware-as-a-service, which puts another layer of criminality between you and your data.
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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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