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Masters in Business cover image

Jonathan Miller on High Mortgage Rates

Masters in Business

NOTE

MLS data provider Rappatoni ransomeware attack

The National Association of Realtors owns and controls about 50% of the multiple listing systems (MLS) in the United States, which are essential tools for real estate agents. Recently, Rappatoni, one of the major software companies powering MLS systems, experienced a ransomware attack, causing disruptions in markets such as Cincinnati and San Francisco. This highlights the vulnerability of online platforms like Zillow and Redfin, which rely on MLS data. The incident raises concerns about the potential for future attacks and the impact on the real estate community.

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