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Tag Archives: Processing

Report: Majority of Lenders Putting Financial Data at Risk

As companies like Target and Michaels Stores continue to take a drubbing over high-profile data breaches, a report from cybersecurity firm HALOCK Security Labs suggests mortgage lenders may not be doing enough to protect applicants' sensitive financial data. After investigating practices at 63 lenders of varying size, HALOCK found more than 45 companies (70 percent) permitted applicants to send personal and financial information through unencrypted email attachments.

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