A Feb. 19 HousingWire article quoted Kevin Hayes, a senior principal in Promontory’s Information Security & Cyberrisk Management practice, who participated in a Mortgage Bankers Association panel on trends in privacy and data security in the mortgage industry.
Kevin said cybersecurity attacks have become so sophisticated and prevalent across different platforms and points of entry that the goal is less about preventing a breach than limiting the damage.
“No organization is 100% when it come to cyber security — it doesn’t exist,” said Hayes. “Every organization is vulnerable, it’s just a question of how much damage the security breach causes.”
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