Source: National Mortgage News —
Russia’s hostilities in Ukraine have already impacted the U.S. housing market and as the war goes on, the mortgage industry’s cybersecurity experts are bracing for tests of their defenses.
The uncertainty caused by the initial invasion rocked mortgage rates, as investors moved their capital out of riskier assets to Treasuries in a brief flight to quality. U.S. banks have braced for the ripple effects of severe economic sanctions on Russia. Federal officials have warned of Russian threat actors, state-sponsored or otherwise, seeking retaliation or new sources of income, which put cybersecurity experts on alert.