RISMedia's Real Estate Magazine

AUG 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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RISMedia's REAL ESTATE August 2019 41 The message goes on to say that you can recover all of your files safe- ly and easily if you submit payment. The ransomware attackers even al- low you to decrypt a few files for free by clicking the "Decrypt" button. This demonstrates that they have indeed taken control of your computer or network. Lastly, they provide instruc- tions on how to pay them in Bitcoin to have the ransomware removed. The first thing you do is ask some- one else in the office if they've seen the same message. Then your heart sinks, and your phone starts to ring. Your heart sinks further as you ar- rive at the brutal realization that your company is frozen. These types of attacks can and do happen. If either your network or computers are unsecured, all it takes is one click of a malicious URL in an email or a visit to a malicious website by an unsuspecting staff member or agent in your company to trigger a set of events into action that's not only expensive, but also injures your brand and disrupts busi - ness continuity. The risk is real. Perhaps the biggest trend this year in ransom attacks is a strategy shift. Rather than sending out mil- lions of emails and collecting small payments of a few hundred dollars, ransom attacks have become more targeted, seeking tens of thousands of dollars in payment by disabling en- tire companies. According to CoreLogic® industry security expert Matt Cohen, "bro- kers need to act today to keep their computers and installed software patched, install highly rated antivirus software, use their firewalls to stop the spread of ransomware, provide anti-phishing training for agents and employees, make sure their multi- generational backups are well-test- ed, and so much more." HOW CORELOGIC CAN HELP Contact Matt (@mcohenmn or ma- cohen@corelogic.com) for a security assessment. In addition, develop a security policy and procedure docu- ment, deploy a strong authentica- tion solution like the single sign-on solution from CoreLogic and train staff and agents regularly on best practices. RE Troy Rech is senior leader, Sales at CoreLogic. For more information, please visit www.corelogic.com. Don't Wait for a Ransomware Attack Commentary by Troy Rech I magine that moment when you turn on your computer and all you see is a message: "Oops, your files have been encrypted!"

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