Ransomware incident at major cloud provider disrupts real estate, title industry

Discussion in 'other security issues & news' started by hawki, Jul 20, 2021.

  1. hawki

    hawki Registered Member

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    "A ransomware incident at Cloudstar, a cloud hosting service and managed service provider for several industry sectors, has disrupted the activities of hundreds of companies.

    Cloudstar, which operates several data centers across the US, is primarily known in the mortgage, title insurance, real estate, legal, finance, and local government sector, where it provides services like virtual desktop hosting, software-as-a-service offerings, and other managed cloud infrastructure, which underpin many companies’ IT infrastructure.

    On Friday, the Florida-based company announced that it suffered a “highly sophisticated ransomware attack” that forced it to take down the vast majority of its services..."

    https://therecord.media/ransomware-...provider-disrupts-real-estate-title-industry/
     
  2. hawki

    hawki Registered Member

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    "Cybercrime Hits Title Industry: Cloudstar Victim of Ransomware Attack...

    The pause in services could have severe impacts for an industry that’s having to keep up with the ongoing churn of property closings amid this bustling market.

    Ransomware attack against [one] of the main title industry cloud hosting providers is going to create utter havoc to the lending industry on Monday when consumers find out they can’t close,” Sterbcow Law Group Partner Marx Sterbcow posted on Twitter. “Dual cloud hosting may now be a requirement for title agencies...."

    https://rismedia.com/2021/07/19/cyber-crime-hits-title-industry-cloudstar-ransomware/
     
  3. hawki

    hawki Registered Member

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    "The real-estate industry braces for potential paralysis after a ransomware attack downed a major cloud provider for title companies [Cloudstar] ...

    A ransomware hack has hit a key part of the red-hot residential real estate market, which could impede transactions including the buying and selling of homes...

    Cloudstar hosts the data for hundreds of title companies and lenders, as well as other regulated industries, across five data centers throughout the United States...

    Cloudstar said in a statement that 'our systems are currently inaccessible' after the Friday attack...

    Plus, there's the risk that confidential information gets leaked: Title transactions contain a range of sensitive and valuable personal details, including Social Security and bank account numbers..."

    https://www.businessinsider.com/clo...-company-paralyze-real-estate-industry-2021-7
     
  4. EASTER

    EASTER Registered Member

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    Bah
     
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