The Federal Housing Administration posted a new draft Mortgagee Letter: Revised Cyber Incident Reporting Requirements on its Single-Family Housing Drafting Table. It provides updated requirements for when FHA-approved mortgagees must notify the Department of Housing and Urban Development when a reportable cyber incident occurs.
Tag: Cyber Crime
Fraud Panel: Watch Out for ‘Low-Hanging Fruit,’ Synthetic Identities, Business Email Compromises
WASHINGTON, D.C.–Experts took to the stage at the Mortgage Bankers Association’s Compliance and Risk Management Conference Sept. 23, to highlight the importance of being vigilant in all aspects of digital life and provide insights into fraud trends that could be seen by those working in the mortgage industry.
#MBASecondary22: Cyber Crimes: How to Protect Your Company
NEW YORK—With fraud, data hacks and ransomware on the rise, cyber crime is a more visible threat to financial services companies.