In This Section
MBA's White Paper on Cybersecurity
As financial service transactions are increasingly conducted online, risks associated with these transactions require different controls, MBA understands the cybersecurity risks facing our industry as well as federal and state legislation and regulations that govern this topic. MBA provides various resources to help our members in understanding cybersecurity risks and complying with related regulations.
The Basic Components of an Information Security Program
Check out our white paper detailing information security risks facing the mortgage industry and the basic security practices necessary to help mitigate the risks.
The report was authored by members of the MBA Residential Technology Forum (RESTECH) Information Security Workgroup and is intended to assist small and medium sized entities that might need help in understanding and managing security risk.
The Information Security Workgroup identifies and discusses evolving information security issues within the mortgage industry. The Workgroup provided advice to MBA on legislative and regulatory initiatives relating to information security topics. If you are affiliated with an MBA member company and would like to participate please contact MBAResearch@mba.org.
NYDFS Announces Enhanced Cybersecurity Examination Process
From the MBA Advocacy Update, January 26, 2018
The New York Department of Financial Services released a memorandum indicating that the Department will be enhancing its supervisory oversight and examination process of regulated financial institutions by adding a number of specific questions relating to cybersecurity to its first day letters. These will be issued by the Department in connection with its examinations starting in January 2018. The memorandum goes on to say that the Department's intent is to assist companies in identifying and managing risk by adopting measures to protect them consistent with its 2017 cybersecurity regulation.