FOR IMMEDIATE RELEASE
MORTGAGE LENDERS PAY TO GET HACKED
What will they do when they’ve got phishing email?
Jacksonville, Florida, January 22, 2019 – Cloudstar, a leading provider of technology solutions for the Land Title, Mortgage Banking, and Real Estate industries has just announced a new way to protect home-buyers against what could be their worst nightmare; wire fraud. According to CNBC, scammers are deceiving people out of enormous down payments within days or hours of sitting down at the closing table. Homebuyers are often tricked into wiring funds into fraudulent offshore accounts and these victims often report unrecoverable losses in the six-figures.
With FBI statistics pointing to 2017 losses at over 1 Billion dollars, and 95% of all successful cyber-attacks caused by human error, Cloudstar decided to address this problem head-on though a new product called Mortgagephish.
Real Estate Agents, Title Agents and Lenders purchase Mortgagephish and enroll in simulated targeted hacking. The Mortgagephish system sends custom tailored phishing emails to all parties in the real estate transaction, then monitors the results.
With the advanced reporting offered by Mortgagephish, lenders and agents can quickly identify employees that click on harmless simulated phishing emails and text messages, then quickly target those individuals for online cyber-security training, which the system also provides.
What makes Mortgagephish unique is the quality and content of the email phishing and mock cyber-attacks. Leveraging Cloudstar’s long standing industry knowledge, the emails, text messages, and corresponding online training are custom tailored specifically for the company purchasing the service.
“It’s as real as it gets.”, stated Roland DuBeau when asked how the simulated phishing emails stack up to emails from real cyber criminals. “The difference”, Roland added, “is that we’re the good guys, and we’re here to train those working on the front lines; those in charge of protecting the homebuyer’s hard-earned money.”
The results are clear. Mortgagephish produces trained and aware individuals who are the first line of defense against wire fraud, cyber attacks and ransomware.
For more information, please visit www.MortgagePhish.com to download your free report or call 800-640-4950.