Cyber-security Training - GLB Safeguarding
Indisputably, cybersecurity remains the single greatest compliance risk for mortgage lenders and brokers today. Hackers and ID thieves have realized that mortgage loan files hold a goldmine of financial information, and smaller, less hardened firms represent a "soft target." The liability for mortgage firms includes regulatory censure, legal action, restitution and fines.
All employees must receive annual training to achieve awareness of the threats in all forms that companies face everyday. Employees are the front line of defense against phishing and wire transfer schemes. In addition, protecting the physical plant, and ensuring all business partners participate to the same degree, also offer defense against attacks.
All employees must receive annual training to achieve awareness of the threats in all forms that companies face everyday. Employees are the front line of defense against phishing and wire transfer schemes. In addition, protecting the physical plant, and ensuring all business partners participate to the same degree, also offer defense against attacks.
Anti-Phishing Training
2019 Cyber-security/
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While this course was written for bank directors, the information applies to the lending and financial services industry as a whole.
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What do you do if there is a breach? Best practices, as endorsed by the Federal Trade Commission, are addressed here.
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