On January 11, Rapattoni Corporation, a provider of multiple listings service (MLS) software, was the victim of a cyber attack that crippled its systems and rendered its software unusable.
After nearly two weeks of being offline, Rapattoni is now back online in multiple markets. The company is working with law enforcement to investigation the attack and determine who is responsible. In the meantime, they have implemented new security measures to prevent future attacks.
This attack highlights the vulnerabilities of MLS software providers and the need for better security measures. Rapattoni is just one of many MLS software providers, and if its systems can be so easily compromised, it is possible that others may be vulnerable as well. This could have major implications for the real estate industry, which relies heavily on MLS software.
You can read this full article at: https://www.housingwire.com/articles/rapattonis-mls-services-are-being-restored-following-cyber-attack/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
Share This Story, Choose Your Platform!
Disclaimer
The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind.
Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal.
Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances.
While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.
