The Mortgage Bankers Association (MBA) has published “The Basic Components of an Information Security Program,” a free White Paper detailing information security risks that affect the mortgage industry and strategies for managing those risks.
The White Paper considers options for mortgage companies that are reviewing or updating their information security programs, including the current laws and current laws and regulations that focus on consumer and data privacy and vendor management. It also details risk assessment processes including vendor risk management, how to compile an asset inventory of company data, equipment and software, disaster recovery methods and information security training for employees.
“MBA continues to be an advocate for our members on cybersecurity issues, and we’re committed to educating and helping mortgage businesses identify emerging information security threats,” said Rick Hill, executive vice president of MISMO and vice president of industry technology at the MBA. “Our White Paper gives mortgage professionals a better understanding of current risks, and offers high priority cybersecurity actions they can take to keep their information, systems and networks safe and secure.”