• Title insurer of magnanimous size adamantly bolts mouth over potential ransomware attack. Whispering game ensues.
• Sneaky hackers run rampant, speculation arises on possible exploitation of the infamous Citrix Bleed software vulnerability.
• Experts theorize juicy ransom payout might have tickled insurer’s pockets and silenced their chirping.
• The insurer’s silence makes the elephant in the room the size of a luxury penthouse.
• Security pundits keep snooping around, suggesting the insurer’s refusal to “spill the beans” breeds mistrust amongst clients.
• “To admit or not to admit” becomes the ongoing saga, putting Shakespearean dilemma to shame.
• Sure, insurers are expected to insure, but when it comes to insuring trust… the jury is still out.
• Corporations and homeowners alike start vouching for “trust insurance” – because when your title insurer can’t even ensure transparency, what’s left?
When Silence Isn’t Golden: Title Insurer Clams Up Over Ransomware
A Mute Behemoth: Ransomware Attack Speculations Grow
Corporations and Homeowners Demand Trust Insurance
The glitzy world of real estate has a new hot-topic mystery, folks. Instead of swanky penthouses or beachfront villas, we’re sleuthing over a potential ransomware attack and a silence that’s louder than a metal band in a library. It seems our dear big-shot title insurer decided to adopt the code of the Wild West and keep mum about a potential ransomware attack. ‘Tis a shushed scandal that not even Sherlock Holmes could resist!
The void of information has tossed fuel on the fire of speculation (oh, what joy!). Hacker exploitation of the Citrix Bleed software vulnerability is the prime suspect. And the refusal of our mysteriously silent insurer to even whisper an admission has taken this online bingo to a whole new level.
The ongoing saga has clients prowling around looking for answers, and the trust-o-meter is falling faster than a poorly built sandcastle. It’s almost like watching a thriller unfold; we’re all betting on whether or not the ransom payout happened.
In a world where “trust” seems to be dwindling faster than ice cream on a hot summer’s day, corporations and homeowners alike are demanding something called “trust insurance”. Hell, they’d probably settle for a mime explaining the situation at this point.
In the end, the plot of this thriller is based on a simple question that the insurer has to answer: to admit or not to admit? It’s pretty obvious, dear reader, that silence is only golden when you’re trying to hide a literal gold stash, not when you’re a title insurer dealing with ransomware. Transparency, in this case, is more precious than the vintage wine in a billionaire’s cellar.
So this is your hot take for the day: Why don’t title insurers have a “Pants on Fire” policy for when they’re evidently lying? There’s a free business idea for all you entrepreneurial souls out there! Till then, let’s sit back and enjoy this cyber whodunit that’s less “Agatha Christie” and more “unkept IT department” saga.
Original article: https://www.inman.com/2023/11/30/title-insurer-fidelity-restoring-operations-after-security-incident/
