Monthly Archives December 2020

FundingShield 2020 Holiday Season Wire & Title Fraud Analytics FundingShield analytics show wire & title fraud threats have spiked at over 200% when comparing the 2019 to the 2020 holiday season. Further the broader cyber-risk beyond the mortgage industry shows fraud and risk has spiked by over an 800% increase in cyber-attacks with nearly 4000 attacks a day being reported since the onset of Covid-19 to the FBI’s Internet Crime Complaint Center “IC3” and cybercrime units. Ike Suri shared, “Work From Home will remain the norm irrespective of containment and vaccinations, this digital transformation becoming the norm will present continued
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