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February 21, 2018

Combating Cybercrime in Mortgage Lending

Everyday unsuspecting borrowers, lenders and 3rd party providers are being targeted by cyber criminals in the dark web who are patiently building out their attack one transaction at a time. Cybercrime a growing industry with 2018 estimations to be $9 Billion up from $5.3 Billion in 2017.

On today’s episode of LendTech Live, Todd Hougaard discusses the importance of understanding cybercrime and recognizing a potentially harmful email. While it isn’t realistic for employees to scan every email that comes in like the FBI does, smart companies are taking action to move away from unsecure emails and implement private networks that ensure collaboration and security among all parties.