Mortgage Software Solutions Blog

Creating a secure mobile workspace is more necessary than ever as Bring Your Own Device (BYOD) policies become increasingly common in the modern workplace. In the mortgage industry, security is especially important, since your company is handling highly sensitive, private customer information every single day. When you start to handle that data from various devices, including mobile, it becomes imperative that your devices and data are being properly protected.

In the last 18 months, the world has seen a sharp rise in attacks on businesses, individuals and even government organizations by hackers using sophisticated malware. One of the most dangerous of all being Ransomware. If you've never heard of Ransomware, it basically hijacks your computer system and allows hackers to lock you out of your personal data until you pay a ransom. This may sound like something out of a movie, but unfortunately, it's not. Ransomware is very real, and it’s costing companies millions of dollars.

The recent hack on the U.S. Office Of Personnel Management (OPM), which was one of the most serious government cyber attacks of all time, teaches us all some lessons that the mortgage industry should take to heart.

Cyber security is now a top issue for mortgage CEOs. The mortgage industry is particularly vulnerable to digital breaches because of the number of parties involved in the sharing of sensitive data. They are attractive targets for criminals because applications for mortgage loans request more personal and sensitive information than applications in any other industry. Criminals know that there is a wealth of information being shared between third parties, and the opportunity to steal financial and personal information.