Rise of the Rentals

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8 | Th e M Rep o RT Report: Ellie Mae Attacks Show Industry Insight Security breach offerS important leSSonS on how inSider knowledge can be uSed againSt a company. I n an article reported by Nation- al Mortgage News, the recent technological attack on Ellie Mae could have been carried out by individuals with mortgage industry experience, the vendor says. The attacks occurred over a two-day span from March 31 to April 1, overwhelming the com- pany's servers with data requests that appeared to be legitimate communications. The cyber attack flooded Ellie Mae servers with requests to a URL that is used to download an XML file containing third-party technol- ogy vendors that integrate with the Encompass LOS via the Ellie Mae Network. "It was a massive number of requests that came in and consumed the full capac- ity of one set of our servers around a specific URL," said Ellie Mae President and COO Jonathan Corr. "Where a classic denial-of-service attack would be a request that comes in that is not valid and would just create a lot of failed attempts, this was a valid request with a normal signature." The attack was particularly suspicious, hinting at mortgage industry knowledge, for a few key reasons. First, the request appeared valid and was using a normal signature. Additionally, the cyber-attack occurred on the last day of the month and the last day of the quarter, a critical time for loan closings. "That could be coincidence, I don't have evidence otherwise, Touting Technology expanded offerings from companies are increasing efficiency, but are they keeping companies safe? but we find it very disturbing and we're trying to figure it out. It seems like that could be a pos- sibility," Corr added. The XML file being requested contains no sensitive data and appeared like a request that would come from a client appli- cation used to access Encompass and the Ellie Mae Network— making it hard to initially iden- tify the requests as a threat. A press release issued by the company attempted to reassure users. "Ellie Mae's technical operations teams are continuing their work to restore full functionality for Encompass users," the release said. Sig Anderman, founder and CEO of Ellie Mae, commented, "We recognize the critical role our services play in enabling our clients to serve their customers and deeply regret the incon- venience and delays they are experiencing. The performance and security of our platform is our No. 1 priority. We are doing everything within our power to restore full operations as soon as possible." Ellie Mae has hired Stroz Friedberg, a cyber-security and digital forensics firm, to look into the attack as well as any possible data or security breaches. The investigation of the attack is ongoing. Kroll Announces Additional Integrations to Mortgage Builder Software the company expandS verification offeringS for the houSing induStry. K roll Factual Data, Inc., a leading provider of credit, risk mitigation, and third- party verification services, an- nounced the addition of several Kroll product integrations into Mortgage Builder Software, Inc. Kroll's suite of Third-Party Verifications is now opera- tional, including Verification of Employment, Verification of Deposit, Tax Return Verifications, on the web

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