FundingShield CEO Ike Suri on the Panel “Cyber Security, Fraud and You” Explore cybersecurity & fraud threats in mortgages with CEO Ike Suri & experts at CMBA Mortgage Innovators 2023. Discover best safeguards for your business! Watch the discussion below and learn about the best safeguards for your business!
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FundingShield Q2 2023 Wire & Title Fraud Analytics
FundingShield Q2 2023 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Q2 2023 REPORT Wire and title fraud continue to persist at alarming highs in 2023. With 50.2% of loans in Q2 of 2023 having at least one risk issue, it’s evident that the risk of a fraud event has gone up despite stagnant or declining volumes compared to 2022. Quarterly Data During Q2-2023 50.2% percent of transactions on a $68bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had almost 2 issues per loan indicating the lack of appropriate
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FundingShield leverages Mastercard open banking to expand payment verification solutions; preventing wire and payment fraud
FundingShield leverages Mastercard open banking to expand payment verification solutions; preventing wire and payment fraud NEWPORT BEACH, California, June 26, 2023. FundingShield, a market-leading, cloud-based firm providing fintech solutions to manage risk, compliance and fraud prevention, has entered a partnership with Mastercard to leverage its open banking platform delivered by Finicity, a Mastercard company. FundingShield provides live, source data-based technology products and SaaS solutions – that have been used to secure the funds of over $2.5 trillion in mortgage closings. – FundingShield CEO Ike Suri shared, – “FundingShield has over 95% coverage of licensed service providers in
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The FBI shared statistics of $10.3B in Fraud losses, this does not include a much larger amount that is grossly unreported from the high risk transactions we identify, prevent, and remediate at FundingShield on real time basis
The FBI shared statistics of $10.3B in Fraud losses, this does not include a much larger amount that is grossly unreported from the high risk transactions we identify, prevent, and remediate at FundingShield on real time basis – Ike Suri, CEO FundingShield. Read more here: https://www.nationalmortgagenews.com/news/real-estate-related-email-fraud-costs-record-dollar-losses Business email compromise scams related to real estate set a record for dollar losses in 2022, as the number of cases reported to the Federal Bureau of Investigation rose for the second consecutive year. The 2,284 complaints received last year, the second most ever, lagged the all-time
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FundingShield President Adam Chaudhary Featured on the Chrisman Commentary Podcast
FundingShield President Adam Chaudhary Featured on the Chrisman Commentary Podcast Listen to Adam Chaudhary, President of FundingShield being interviewed on Rob Chrisman’s Podcast “The Chrisman Commentary”. Adam discusses wire fraud, title fraud, the FundingShield Quarterly fraud report and why market participants need live data to manage risk.
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Ike Suri featured on the California Mortgage Bankers Diversity, Equity & Inclusion podcast
Ike Suri featured on the California Mortgage Bankers Diversity, Equity & Inclusion podcast FundingShield’s CEO Ike Suri sat down with Tai Pherribo Christensen of Arrive Home to discuss his journey as a student immigrant from India to successful entrepreneur. Thank you to California Mortgage Bankers Association’s Diversity, Equity & Inclusion Committee for hosting this webinar. Our stories, our diversity and our journeys highlight the vibrant communities we serve.
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FundingShield Q1 2023 Wire & Title Fraud Analytics
FundingShield Q1 2023 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Wire and title fraud risk reached another new record in the first quarter of 2023 at 51.6% of transactions having at least one risk issue. With this all-time high percentage of issues, the impact of a single wire or title fraud event could be catastrophic. Cybersecurity and Cyber Insurance Mid-size businesses (defined as those with 250-2000 employees) are particularly vulnerable to cyber-attacks due to lack of resources relative to the number of systems, endpoints and amount of data they hold. In the mortgage industry these midÔÇösized companies
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FundingShield CEO Ike Suri Featured on the Chrisman Commentary Podcast
FundingShield CEO Ike Suri Featured on the Chrisman Commentary Podcast Listen Ike Suri, CEO of FundingShield being interviewed on Rob Chrisman’s Podcast “The Chrisman Commentary”. Ike discusses wire fraud, title fraud and market risk.
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FundingShield Market Risk Update featuring Kevin Peranio
FundingShield Market Risk Update featuring Kevin Peranio Interview Below.
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Podcast: 2023 Cybersecurity & Fraud Threat Landscape in the Mortgage Industry
FundingShield CEO Ike Suri interviewed by Fidelity National Financial’s Chuck Cain on the “FNF Unplugged” PodCast Click on the link below to hear our CEO, Ike Suri, speak with Fidelity National Title Insurance Company’s, Chuck Cain (SVP- National Agency Division at FNF Family of Companies) on wire and title fraud risk in the year ahead. Chuck and Ike discussed cyber security risks and how FundingShield is helping lenders, title insurers, consumers and market participants avoid fraudsters and why utilizing our solutions helps drive efficicincies to prevent fraud and safe money using live transaction level diligence. Podcast Below.
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