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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Archives for Media
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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“Fraud Trends in The COVID Environment” with Adam J. Chaudhary
“Fraud Trends in The COVID Environment” with Adam J. Chaudhary MQAC Webinar is going to be insightful discussing the rising issues of elder abuse and wire fraud. Join Us https://cmba.com/event/june-mqac-webinar/
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“Driving Decisions with Trusted Data” with Ike Suri
“Driving Decisions with Trusted Data” with Ike Suri MISMO plays an essential role as the central point for collaboration between lenders, servicers, regulators, GSEs, and technology providers, enabling the industry to achieve a more seamless and productive digital future. MISMO enables all industry participants to speak the same language by developing and distributing compliance, data and technology standards that improve the integration and flow of data end-to-end. MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards. Your participation helps make the digital future possible. Join us at
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Media, News Letters, and Press.
#MIC21 – Innovator Insight, Data + Data Security Co
#MIC21 – Innovator Insight, Data + Data Security Co
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FundingShield Demo’s at the MBA Spring21 conference
FundingShield shared its fintech, market-leading solutions in Wire & title fraud risk management to the mortgage industry at the Mortgage Bankers Associations national Spring21 conference. See the video link below: https://youtu.be/Hk28fDmkj4k Contact sales@fundingshield.com for a demo!
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Media, News Letters, Press, and Press Releases.
“What Makes a Risky Vendor” with Adam J. Chaudhary
Jim Paolino, LodeStar Software Solutions talks about the “Problems the industry is facing and how we are working tirelessly to help the consumer.” with Adam J. Chaudhary (President of FundingShield).
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Media, News Letters, Press, and Press Releases.
NEW PODCAST ALERT! “The Most Interesting Man in Mortgage Discusses His Business, Fraud Prevention & Movies” with Ike Suri
Mike Eshelman, CMB┬«, AMP talks with “The Most Interesting Man in Mortgage” Ike Suri (Chairman & CEO of FundingShield) and discusses his business, fraud prevention & movies – Listen now!
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Media, News Letters, Press, and Press Releases.
FundingShield presents at HousingWire’s April 6 demo day
FundingShield President Adam Chaudhary Demos FundingShield’s wire and title fraud prevention FinTech tools. Find the video below –
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Media, News Letters, and Press.