Magazine article Mortgage Banking

MBA White Paper Addresses Basic Online Security Fixes

Magazine article Mortgage Banking

MBA White Paper Addresses Basic Online Security Fixes

Article excerpt

As concern about protection of personal information escalates, and as the statutory and regulatory compliance landscape becomes more complex, look for the demand on an organization's information-security program to intensify, according to a white paper published by the Mortgage Bankers Association (MBA).

The MBA Residential Technology Steering Committee (ResTech) paper, Basic Components of an Information Security Program, addresses basic security components that should be present in any financial services-related information-security program, explained Robert E. Story Jr., CMB, MBA's vice chair and chairman of MBA's Board of Directors Technology Steering Committee (BoDTech).

"As industry information security continues to develop rapidly, MBA feels it is critical to define a minimum set of objectives that small and midsized organizations can meet in order to execute an effective information-security program," said Story. "This concise and business-oriented approach will help organizations with limited resources achieve successful information-security practices."

The paper outlines common risks and mitigation approaches, specifically for small to midsized lenders, to help them secure sensitive and confidential customer information while complying with an ever-increasing number of related statutes and regulations. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.