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Mortgage Software Solutions Blog

4 Simple Tips for Mobile Security in the Mortgage Industry

mobile securityMany mortgage companies, especially smaller firms, assume that their business is safe from hackers and other potential cyber attacks, but that couldn't be farther from the truth. Cyber attacks present just as big of a risk to small mortgage businesses as they do to large, and in many cases, the associated risk is actually larger.

According to NetIQ, 70 percent of all organizations report that they have been the victim of a cyber attack within the last 12 months. This just goes to show how common small-scale cyber attacks are and how important it is that your mortgage business takes the necessary steps to protect itself from potential breaches.

Many organizations employ some basic steps to keep themselves safe, and those small steps by mortgage firms could dispel the incentive for hackers to target them. When the challenge of hacking your network is greater than the reward, would-be attackers may move on to an easier target.

Here are few simple steps that you can take to protect the mobile security of your mortgage business.

  1. Password Protection

Every loan officer in your organization should receive some basic training in choosing passwords that will help to protect your mortgage business against cyber attacks. Of course, proper password choices are most important for critical systems, but anywhere an employee logs in needs to have proper password security. One simple method that many businesses use to protect their mobile security is requiring that all employees double-authenticate their login through their smart phone and email in order to log in. Additionally, employees should be trained to include capital letters and symbols within their passwords to reduce the chances of them being cracked.

  1. Create Official Company Policies

Recommending that your employees use some best practices for mobile security is simply not enough. You must create official company policies that allow you to spell out exactly what employees need to do to keep your mobile network safe. You should also put in place some ramifications for employees that do not follow the policies.

It can be difficult to explain to your loan officers why mobile security is so important, especially when they are not used to going to extreme measures to protect their home networks. Official policies help to ensure that security is taken seriously.

  1. Use Mobile Device Management Software

Mobile device management software, like DeviceGuardian™, allows you to see all of the devices that are connected to your network at any given time, no matter the platform. They are typically integrated with Android, BlackBerry, Windows, iOS and all other major platforms. This will allow you and your IT department to keep a close eye on who is accessing the network and quickly combat any nefarious activities that might be taking place. Mobile device management software is an absolute must-have for mortgage companies with more than a few devices connecting to the network at any given time.

  1. Share Information

According to Varmour, about one-third of IT security professionals share information and data with IT security industry groups. Most security professionals have never shared any information at all. What most do not realize is that, while sharing information might not directly benefit their company in the present, it can pay off well into the future, as these groups learn more about the attackers and the organizations that they target. Encourage your IT staff to join a security intelligence sharing group and work with others to improve the industry as a whole.

If you would like to learn more about how you can protect your mortgage company against potential threats and keep your mobile networks safe, please contact us today. We'll schedule a consultation with one of our security experts to explain how you can improve the mobile security at your firm.

Topics: ABT cyber security mobile security DeviceGuardian mobile device security

Mobile Security for Your Mortgage Firm: Preventing Threats While Out in the Field

mobile securityIn today’s increasingly mobile world, more and more businesses are allowing their employees to use their mobile devices for work, especially when those employees are on the road or working from home. As a result, mobile security is more important than ever for protecting businesses from the threat of an information breach. In fact, despite mounting evidence of growing security threats, many companies still disregard mobile security as a priority. And in the mortgage industry, where your company handles such quantities of private information, ignoring security on mobile devices is a gamble you cannot afford to make.

The truth is that mobile devices can become vulnerable targets to online thieves in many situations. As Bankrate noted last year, mortgage lenders, especially, are a major target of hackers because of the comprehensive private information available to steal.

As your loan officers do more and more from their mobile devices, what other security issues could happen that may compromise company data?

Let's take a look at a couple of the potential threats and how our trademarked tools here at Access Business Technologies can solve your biggest concerns.

Unreliable Public Wi-Fi Networks

When your loan officers are on the road, chances are they will find themselves, at one point or another, sitting in a coffee shop or restaurant taking advantage of the free wi-fi connection as they meet with a client or tackle some work with their breakfast. However, as Forbes noted last year, public wi-fI networks are incredibly vulnerable to hackers.

Hackers, with only the click of a button, can monitor and hijack logins, passwords, and email or chat communications, among other things. And, when those communications include the highly-sensitive financial data that is an everyday part of your loan officer’s work, a breach of this information could prove catastrophic for your mortgage firm.

Lost or Stolen Devices

Mobile devices themselves (including laptops) are vulnerable to security threats, but many mortgage firms forget the threat of simple human error. When a device is lost or stolen from one of your loan officers, the data on that device is at the mercy of whoever finds it. Any files, passwords, or client information stored on that device are now susceptible to theft. Even with your data backed up and stored on a cloud server somewhere, if that information is also stored on the device, the threat of a breach is huge.

How DeviceGuardian™ can Help

Here at Access Business Technologies, our mobile management tools provide the best security measures in the market so your mobile devices don't become sitting targets. Configured specifically for the unique challenges and regulations of the mortgage industry, with tools like DeviceGuardian™, your mortgage firm can protect every mobile device being used by your employees.

DeviceGuardian™ provides hard drive encryption and complete protection from hackers, identity theft, malware and viruses, so no matter where your loan officers are or what device they’re using, they can be sure their clients’ information is safe. The software is regularly and automatically updated to ensure that your devices are protected from the latest threats. And, if a device does end up lost or stolen, DeviceGuardian™ allows you to remotely wipe the device so any valuable information is completely erased before it ends up in the wrong hands.

This easy-to-use software operates across all popular platforms, including Windows, Mac, iOS and Android devices, and is easily integrated with your other mortgage software, including our cloud-based desktop computing service, MortgageWorkSpace™.

In an age where information security is more important than ever, it is crucial that mortgage firms protect themselves and their customers. Contact us here at Access Business Technologies to learn more about DeviceGuardian™, as well as our other tools, and how they can help protect, control, and manage your mortgage business.

Topics: ABT cyber security mobile security DeviceGuardian MortgageWorkSpace