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Mortgage Industry Facing a Rise in Cyberattacks

June 17, 2021 - Inside Mortgage Finance –

The mortgage industry is low-hanging fruit for extortionists given the amount of personally identifiable information lender/servicers house about customers — “People who create ransomware are making it available to others [in return for a share of the proceeds],” Ken Mendelson said. “The barrier to entry has been reduced.”