FundingShield Q2 2021 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri “Wire and title fraud risk continued to rise in the second quarter of 2021 after the all-time high values from the first quarter. Adoption of eClosing and other automation technologies continues to grow in and simultaneously open doors for new fraud schemes. American citizens and businesses are under attack from hackers and cybercriminals more so than ever before. Compromises of commodity businesses — from financial firms and energy infrastructure entities to consumer software firms — garnered media headlines during the quarter when their systems were hacked and
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Monthly Archives July 2021
Selim Aissi, Former SVP and CISO of ICE Mortgage Technology (F/K/A Ellie Mae), joins FundingShield Advisory Board.
FundingShield is pleased to announce that Selim Aissi has joined its advisory board Until recently, Selim was Senior Vice President & Chief Security Officer at Ice Mortgage Technology (F/K/A Ellie Mae) where he was responsible for Ellie Mae’s Security Engineering, Operations, Strategy, Cyber Resilience, and GRC. FundingShield’s CEO & Chairman Ike Suri shared, “We have high regard for Selim, his experience, his accomplishments and his network. We look forward to working with him to accomplish additional growth for FundingShield.” Selim shared, “I am thrilled about joining FundingShield as an Advisory Board Member and to be part of their successful
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Media, News Letters, and Press.
Real Estate Industry targeted by Highly Sophisticated Ransomware Attacks
Real Estate Industry targeted by Highly Sophisticated Ransomware Attacks Cloudstar Under Attack Industry experts said the attack and subsequent blockage of Cloudstar’s system could create a national emergency because the company provides technology for hundreds of title companies and lenders. Cloudstar said it has contacted law enforcement and does not know when its system will be accessible to customers. After accessible to customers. The incident occurred on Friday, July 16th and has halted all business operations supported by Cloudstar. “Cloudstar was recently the victim of a highly sophisticated ransomware attack. We have retained third-party experts to assist us in
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