Mortgage Software Solutions Blog

Without encryption, financial institutions are taking a gamble.

The theft of a computer can be bad news for your mortgage business. It's not just the cost of replacing it; insurance should cover that. It's the prospect of letting confidential information into the hands of thieves. Confidentiality is vital to the mortgage business. Even computers sitting on desktops can be stolen.

Is your mortgage company encrypting the hard drives of the devices it uses to conduct daily business? Here’s a better question: Could your mortgage company withstand the potentially catastrophic fallout that would occur if a computer containing confidential client information was stolen and fell into the wrong hands? What about the regulatory repercussions and lack of customer confidence that such an event would cause?