While a small fraction of RON transactions may involve fraudulent activity, Brooke Adams of Stavvy discusses the advanced tools at the disposal of the industry to stay ahead of bad actors.
Read More »Mortgage Capital Trading Updates Security Protocols
Mortgage Capital Trading, Inc., a mortgage hedge advisory and secondary marketing software firm, has announced the implementation of multi-factor authentication security protocols, which require multiple methods to verify a user’s identity for logins and transactions.
Read More »Harnessing the Power of Blockchain for the Mortgage Industry
Blockchain is creating a lot of buzz—and a lot of confusion. Primarily, this technology offers the capacity to record and monitor transactions in what is called a distributed ...
Read More »Consumer Trust Fades in Wake of Online Security Breaches
In a poll released this month, Gallup reports only 21 percent of consumers put "a lot" of trust in the security efforts taken by companies they regularly do business with. A combined 30 percent have little to no trust at all. While consumers expressed the most trust for banks and credit card companies, that higher confidence could stem from the fact that these businesses are subject to increased regulatory scrutiny as the result of the 2008 financial crisis.
Read More »Agencies Advise Banks on Cyber-Security
In the wake of a cyber-attack on Ellie Mae and the discovery of the Heartbleed bug, FDIC put out a release advising financial institutions on resources to stay up to date on security threats. FDIC urges financial institutions to "ensure that their Information Security staff are aware of and subscribe to reliable and recognized resources that can help quickly identify cyber risks as they emerge."
Read More »