State Regulator Hosts Chicago Mortgage Cybersecurity Conference

CHICAGO –- (RealEstateRama) — Illinois licensed professionals on the front line of the mortgage and real estate closing process descended upon the James R. Thompson Center this week to learn more about cyber and data security. A free conference hosted by the Illinois Department of Financial and Professional Regulation (IDFPR) provided those in attendance with the opportunity to hear from industry experts, as well as the Federal Bureau of Investigations on how cybersecurity issues can compromise the real estate closing process.

ILDFPR

dustry professionals to proactively safeguard themselves and their clients. Inter-industry conferences, like the one held today, allow us all insight into how we can better protect consumers from closing fraud.”

IDFPR’s Cybersecurity Conference included information on how the state’s regulator proactively responds to cybersecurity issues, as well as an FBI presentation on current threats involving the real estate closing process. The conference also included an inter-industry panel made up of industry experts, a hacking demonstration, and an informational presentation on best practices. Licensed professionals in attendance included attorneys, real estate professionals, title professionals and lenders.

Mortgage Cyber Conf 4
first row (left to right) – Francisco Menchaca, Linda Grahovec, Allison, Jessica Edgerton, and Michael Rastigue. Second row (left to right) – Robert Perry, Patrick Flanigan, Erin Tracey Jenner, Schneider, Michael Abreu, and John Costello.

“It is essential that these groups get together in inter-industry panels to share best practices, not only to protect their clients, but to protect themselves,” said Linda Grahovec with Fidelity National Title Group and panel moderator. “We need to educate each other on what cybersecurity issues and threats are in the market.”

IDFPR’s Cybersecurity Conference was held in partnership with: Illinois Land Title Association, Illinois Credit Union League, Illinois Bankers Association, Illinois REALTORS, American Land Title Association, National Association of REALTORS, Greater Midwest Lenders Association, Illinois Mortgage Dealers Association, Illinois Real Estate Lawyers Association, Community Bankers Association of Illinois, and Illinois League of Financial Institutions.

Follow IDFPR on Facebook, Twitter and YouTube to stay current on the latest from the state’s regulatory agency.

###

Pictured in the attached: first row (left to right) – Francisco Menchaca, Linda Grahovec, Allison, Jessica Edgerton, and Michael Rastigue. Second row (left to right) – Robert Perry, Patrick Flanigan, Erin Tracey Jenner, Schneider, Michael Abreu, and John Costello.

State of Illinois – CONFIDENTIALITY NOTICE: The information contained in this communication is confidential, may be attorney-client privileged or attorney work product, may constitute inside information or internal deliberative staff communication, and is intended only for the use of the addressee. Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify the sender immediately by return e-mail and destroy this communication and all copies thereof, including all attachments. Receipt by an unintended recipient does not waive attorney-client privilege, attorney work product privilege, or any other exemption from disclosure.

Contact:

Terry Horstman
Phone: 217-558-2953
E-mail: Terry.Horstman (at) Illinois (dot) gov

SHARE
ILDFPR

The Illinois Department of Financial and Professional Regulation’s mission is to utilize responsive, innovative, transparent, and efficient (R.I.T.E.) governance to create an ideal regulatory environment that (1) allows economic growth to flourish, and (2) effectively optimizes consumer choice.

The IDFPR believes more can be done to ensure a faster, smarter and more accountable government — government that takes initiative to unite effective regulatory policy with exceptional service delivery. Uniting effective regulatory policy and exceptional service delivery allows the IDFPR to accomplish its primary objective as a regulator: mitigating the effects of negative market externalities.

Contact:

Phone: 1 (888) 473-4858

Previous articleJ&J Garage Door and Electric Openers Installs Its 1000th Garage Door
Next articleDurbin Pushes HUD Secretary Carson For His Support For The Families Impacted By Cairo Housing Crisis