In 2008 poor lending practices contributed to the "Great Recession". In 2022 a lack of regulation is leading to a different type of crisis, again related to consumer-protection, but this time it's cyber.
“One of the biggest threats to mortgage companies and lenders is absolutely ransomware but not only from Russia, per se,” said Jordan Bingham, founder of cybersecurity firm LendSafe
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Is your company prepared for a cyber hack? Cyberattacks are on the rise. "Password123" is not good enough! It isn't enough to have a cybersecurity plan in place. You need a mitigation plan should your company experience a cyberattack. Thanks @lendsafe#CyberAttack#loanofficer
Join our free webinar happening today. Let's learn about cyber and information security in the mortgage industry!
#mec#cybersecurity#loanofficer#mortgage
Register here: https://t.co/Zlk9PbNW6o
We may soon better understand just how important good cybersecurity measures are. Don't let your mortgage shop operate without them. Your borrowers deserve better data protection.
Yikes! The private sector isn't prepared for this. Take it from someone who spent the last year looking at (the lack of) cybersecurity practices at mortgage shops 😬🫣 https://t.co/1yeFhGuljp
Mortgage lending has a cybersecurity problem. Most small-medium sized lenders have insufficient or non-existent information security programs. Are you willing to take that risk when applying for a mortgage? https://t.co/q8HxTdD5TA
#MortgageLending#MortgageBrokers#Cybersecurity
Following breaches last year and in 2015, Planned Parenthood has been hacked for a third time in six years. This time Ransomware was used. What is your company doing now to prevent a data breach?
https://t.co/QYlY81RfQG