Mortgage Brokers
Cybersecurity for Mortgage Brokers
Mortgage brokers handle highly sensitive financial documents and large wire transfers. You are a top target for wire fraud and business email compromise schemes that can devastate clients and your business.
Top Threats
- • Wire fraud targeting closing transactions
- • Business email compromise impersonating title companies
- • Ransomware encrypting loan files
- • Identity theft using stolen applications
- • Third-party vendor breaches
How Attacks Happen
- • Phishing emails impersonating title companies or lenders
- • Compromised email accounts for wire instruction fraud
- • Fake closing instruction emails
- • Social engineering targeting processors
- • Malware in document attachments
Compliance Requirements
- • GLBA Safeguards Rule
- • State mortgage licensing requirements
- • NMLS cybersecurity standards
- • Lender security requirements
- • State breach notification laws
Is your business exposed?
Security Checklist
- 1.
Implement wire transfer verification by phone
- 2.
Enable MFA on email and loan systems
- 3.
Encrypt all email communications with clients
- 4.
Train staff on wire fraud red flags
- 5.
Verify title company contact information independently
Related Industries
Is your business exposed?
Check if your company data is circulating on the dark web
Free scan • No credit card required