Mortgage Broker

Spring 2016

Mortgage Broker is the magazine of the Canadian Mortgage Brokers Association and showcases the multi-billion dollar mortgage-broking industry to all levels of government, associated organizations and other interested individuals.

Issue link: http://digital.canadawide.com/i/675954

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30 | spring 2016 cmba-achc.ca CMB MAGAZINE datadefense Ensure your company's private information stays private with a comprehensive cybersecurity plan By Ray Basi, LL.B. staff, Education and PoLicy REviEw Battling the Breach youR vaLuaBLE infoRmation – As a mortgage broker you collect a lot of sensitive information about your clients, lenders and others (such as banking particulars, credit card numbers, income tax returns, employment records, government-issued identification and licences, and particulars about assets). is data is not only valuable to you but to would-be fraudsters, particularly those willing to commit identity fraud. As well, there is an exten- sive market for this kind of information, with the buyers ranging from casual fraudsters to organized crime outfits. Beyond that, there are people who want to compromise your information just to be malicious, modern-day vandals. Continued on page 33

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