In a recent study conducted by HALOCK Security Labs, a cyber security consulting firm based in Schaumburg, Ill., it was discovered that seven out of 10 mortgage companies allow information-sharing practices that put your personal and financial data at grave risk.
According to Terry Kurzynksi, founder and senior partner of HALOCK, “the entire [real estate industry] ecosystem is bad.” Kurzynski used Experian’s (one of the three major credit bureaus) recent involvement in an identity theft scheme affecting 500,000 Americans as an example.