Home / Technology

Technology

Cybersecurity: A Primer

Did you know the first known use of the term “cybersecurity” was in 1989? Not surprisingly, it saw a surge in usage around 2000. Anyone remember “Y2K?” I bring this up to remind us that cybersecurity is not a new concept. Cyberthreats have been a major business concern for over …

Read More »

Enemy Past the Gates: Responding to a Cyber Breach

You’ve done everything right: identified and addressed weak areas, set up an adequate framework with the proper safeguards, and made sure your company’s cybersecurity is up to snuff with regulatory requirements. You’re sure that your system is foolproof—until someone comes along and proves you wrong, exposing your organization’s data (and …

Read More »

New York DFS: Time to Get Your Cybersecurity House in Order

Fall is here. This is the time of year when the nights are getting colder, and the days are brisk and breezy.  It’s also time to get the house in order for the impending winter season.  Just like the changing seasons, cybersecurity threats are changing as well.  With the recently …

Read More »

Spear Phishing for Mortgages — Hooking a Big One

By Asaf Cidon Buying a house is one of the most important purchases people ever make, and often one they’ve been saving for years in order to finally place their signature on the closing documents. When you think about the amount of time and effort it takes to not only find …

Read More »

Watch – Don’t Wait: Is Your Fair Lending CMS Up-to-Date?

By Loretta Kirkwood and Austin Brown While it may be easy to put fair lending compliance initiatives on hold given recent challenges to the CFPB’s constitutionality and leadership changes at the prudential regulators, doing so may increase risk for institutions down the road. Developing and implementing an effective fair lending …

Read More »

Vendor Management from the Top Down: Utilizing Cyber Security as an Example

By Debbie Hoffman What are regulators’ top priority for the mortgage industry? What area has been having the most activity—and compliance gaps? Which players have—and have not—been getting the most regulatory heat? The answer is vendor oversight among supervised institutions in the mortgage industry. The increased use of service providers by …

Read More »

Your Website – Not Just a Pretty Face

There’s nothing like an eye-catching, robust website. Professional websites have become the home base of a solid marketing program, and, if designed and disclosed properly, create a connection and build confidence for potential clients, potentially becoming one of the most important marketing investments a company can make. Websites require compliance …

Read More »

Risk-e Business: Is There an Undetected Compliance Risk with Data and Electronic Documents?

 By Rachael Sokolowski In the satirical 1980s film Risky Business, a Chicago teen’s parents leave him home alone while they go on vacation. The result is a series of unintended mishaps, involving prostitution and a pop-up brothel, high speed chases and a waterlogged Porsche, stolen furniture and a crack in …

Read More »

Innovation in Fin Tech Demands Innovation in Policy

By Tory Barringer Whatever your thoughts are about the current regulatory environment, there’s one point on which we can all agree: Today’s regulators are not equipped to keep up with the pace at which financial technology—FinTech, in future-speak—is progressing. That’s not so surprising; a department or agency must first grasp …

Read More »

How Regulations are Driving Opportunity in the Marketplace

By John Guzzo There continues to be a rapid shift in the marketplace to meet regulatory compliance policies. Many industry participants are seeking economies of scale, critical mass, and additional product offerings to enhance their competitive advantage. Some of the main areas of focus include improvements in quality control in …

Read More »