Ellie Mae has fully restored access to all Encompass services after suffering a system outage earlier this week. Sig Anderman, founder and chief executive officer of Ellie Mae Inc.', said the interruption was consistent with an “external, malicious distributed denial-of- service” attack.
Cloudstar founder and chief executive officer Gregory McDonald told The Title Report that these kinds of attacks are becoming more common.
“DDoS attacks are not new,” he said. “They've been around for a while, but they are gaining in popularity. The hackers are motivated by money and they want recognition. Often the company will receive a ransom call telling them to pay or they will shut them down. Stealing data isn't their goal. More often than not it’s for personal satisfaction.”