Start Date: 4/9/2020 2:00 PM EDT
End Date: 4/9/2020 3:00 PM EDT
Venue Name: Zoom Webinar
Mortgage Bankers Association of Metropolitan Washington
The Coronavirus, Data Security & Cybersecurity, and Avoiding Common Pitfalls: How Mortgage Companies/Organizations Can Take a Proactive Approach to Prevent and Mitigate the Catastrophic Impacts of a Data Breach.
Even before the pandemic struck, the world had changed. Information is the new currency. This type of information can cripple organizations and ruin lives. The information includes SSNs, financial statements, bank account access, health information, and credit card numbers. Organizations, especially in the mortgage industry, hold the key to this currency, and employees and clients expect that they will safeguard it. Hackers know this, have the tools to get into your systems, and present an existential threat to your organization, employees, and clients. With great responsibility comes huge liability.
On its own, staying legally compliant and keeping pace with rapidly changing data security and cybersecurity laws and regulations along with the evolving cyber threats is daunting. On top of that, organizations are responsible for ensuring that their third-party service providers are also legally compliant. Failure to confirm this compliance makes organizations liable.
This presentation will provide the tools to implement a proactive, decisive, and aggressive strategy to prepare, adapt, and respond to the complex and dangerous world of data security and cybersecurity.
- The data security and cybersecurity threats and problems mortgage companies/organizations face during and after the pandemic;
- The financial, legal, and reputational costs associated with a data breach; and
- Implementing strategies and practical steps to prevent and mitigate potential harms from a data breach proactively.