Archives for Media

7 ways to protect yourself against cyber attacks

October 6, 2021 | by | Comments Off on 7 ways to protect yourself against cyber attacks

7 ways to protect you against cyber attacks One of the most efficient ways to protect you against cyber attacks is to learn or train yourself or your employees on these sort of attacks, so here’s a list of 7 ways to protect you against cyber attacks. Don’t overshare on social media You need to be very careful on what you are sharing on social media, and although this may be too obvios sometimes we don’t understand the sensitiveness of the information we are posting. For example, posting the an old photo about your elementary school might be giving answers
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Categories: Media, News Letters, Press, and Press Releases.

2021 Vanguard: Ike Suri

October 4, 2021 | by | Comments Off on 2021 Vanguard: Ike Suri

Protect Your Clients and Yourself From Wire Fraud Foil scammers before they steal someone’s closing funds Write Up From HousingWire: 2021 Vanguard: Ike Suri Ike Suri is a pioneer in automated fintech fraud prevention solutions for the mortgage market. He has led FundingShield’s efforts in protecting lenders and consumers against wire fraud, title fraud and other cyber threats. Under his leadership, FundingShield’s products and solutions have created a new category of services for the mortgage and real estate industry, delivering real-time, transaction-level title/closing agent compliance and fraud risk management services. These solutions also drive cost savings, with clients realizing over
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Categories: Media, News Letters, Press, and Press Releases.

FundingShield’s CEO, Ike Suri Provides Insights on Protecting Clients and Organizations from Wire Fraud

September 4, 2021 | by | Comments Off on FundingShield’s CEO, Ike Suri Provides Insights on Protecting Clients and Organizations from Wire Fraud

Protect Your Clients and Yourself From Wire Fraud Foil scammers before they steal someone’s closing funds By Ike Suri, FundingShield CEO Published in Scotsman Guide September 2021 Edition Homepage ———————————————————————————————————————————————————————- Wire Fraud is a growing problem for mortgage lenders of all sizes and their clients. This kind of fraud targets down payments and loan funds being sent into escrow. The scammer, who could be internal or external, uses a version of a phishing ploy ÔÇö often using email purporting to be from a legitimate company ÔÇö to infiltrate networks and watch transactions progress. At the right time, they send fraudulent
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Categories: Media.
Tags: #APIs, #formfree, #MortgageTech, #wirefraud, #wires, Bank, BEC, Business Email Compromise, Closing, Compliance, corelogic, Cyber, FBI, Fintech, Fraud, Freddie Mac, Mortgage, regtech, Risk, Security, and Title.

FundingShield named in 2021 Inc. 5000 Fastest-Growing Private Companies List

August 23, 2021 | by | Comments Off on FundingShield named in 2021 Inc. 5000 Fastest-Growing Private Companies List

    FundingShield named in 2021 Inc. 5000 Fastest-Growing Private Companies List Newport Beach, CA., August 18, 2021 – Inc. magazine today revealed that FundingShield made its annual Inc. 5000 list of the nation’s fastest-growing private companies. Inc. 5000 is not only a prestigious ranking but also offers a unique look at the most successful companies within the American economy’s most dynamic segmentÔÇöits independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. “FundingShield has been executing upon our vision and objectives to deliver innovative,
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Categories: Media and Press.

It’s easier than you think to protect home buyers from wire fraud

August 18, 2021 | by | Comments Off on It’s easier than you think to protect home buyers from wire fraud

    It’s easier than you think to protect home buyers from wire fraud By Ike Suri, FundingShield’s CEO How secure is your business from scammers? On the frontend, you’re probably verifying the buyer’s income and employment, and the value of the home they’re buying. But what about the backend? Are you safeguarding borrowers from hacks that could compromise their data or cause their down payment to disappear? Such a loss would be devastating to a buyer who’s saved up that money over years. But as a lender, you’ll pay a price too. If a loan closing is delayed (or
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Categories: Media and Press.

FundingShield Wire Fraud Analytics Q2 2021

July 23, 2021 | by | Comments Off on FundingShield Wire Fraud Analytics Q2 2021

    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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Categories: Media and Press.

Selim Aissi, Former SVP and CISO of ICE Mortgage Technology (F/K/A Ellie Mae), joins FundingShield Advisory Board.

July 20, 2021 | by | Comments Off on 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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Categories: Media, News Letters, and Press.

Real Estate Industry targeted by Highly Sophisticated Ransomware Attacks

July 20, 2021 | by | Comments Off on 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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Categories: Media.
Tags: #wirefraud, Fraud, Risk, Security, and Wire Fraud.

“Fraud Trends in The COVID Environment” with Adam J. Chaudhary

June 20, 2021 | by | Comments Off on “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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Categories: Media, News Letters, and Press.
Tags: #wirefraud, Cyber, Fintech, and Security.