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Vendor Management Fail: FTC Settles with Mortgage Analytics Company following Vendor Security Issues | Mintz - Privacy & Cybersecurity Viewpoints

To embed, copy and paste the code into your website or blog: An oft-used business management concept is to “hire people smarter than you.” The concept also applies to hiring vendors – hire vendors that are better than you (especially when it comes to information security). Texas-based Ascension Data & Analytics LLC (Ascension), a technology and data analytics company used by the mortgage industry, did not utilize that concept in its vendor hiring process, and as a result, recently entere...
United States Andrew Smith Exchange Commission National Credit Union Administration Ascension Data Analytics Bureau Of Consumer Protection

FTC Settles with Mortgage Analytics Company following Vendor Security Issues

Monday, January 11, 2021 An oft-used business management concept is to “hire people smarter than you.”  The concept also applies to hiring vendors – hire vendors that are  better than you (especially when it comes to information security).  Texas-based Ascension Data & Analytics LLC (Ascension), a technology and data analytics company used by the mortgage industry, did not utilize that concept in its vendor hiring process, and as a result, recently entered into a proposed s...
United States Andrew Smith Ascension Data Analytics Bureau Of Consumer Protection Texas Based Ascension Data Federal Trade Commission

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Ascension Settles with FTC Over Alleged Data Security Violations

Wednesday, January 6, 2021 Third-party service providers are vital to many companies and they handle a wide range of business activities essential for companies to deliver their own offerings. But a company is not adequately protecting consumers if it fails to perform proper due diligence on service providers and contractually require them to employ appropriate security measures to protect sensitive personal information, as Ascension Data & Analytics, LLC (Ascension) discovered. Ascen...
Ascension Data Analytics Ascension Data Federal Trade Commission Safeguards Rule Social Security ஏற்றம் தகவல்கள் பகுப்பாய்வு

Wiley Consumer Protection Download (December 21, 2020) | Wiley Rein LLP

To embed, copy and paste the code into your website or blog: Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping ...
Rhode Island United States District Of Columbia New Jersey Health Information Portability Facebook Inc

FTC brings GLBA Safeguards Rule enforcement action against mortgage vendor | Ballard Spahr LLP

On December 15th, the FTC announced in a press release that it had reached a settlement with a mortgage industry data analytics company to resolve allegations in the FTC’s administrative complaint that the company had failed to ensure one of its vendors was adequately securing personal data about tens of thousands of mortgage holders under the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule.  In the press release, Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, stated th...
Andrew Smith Ballard Spahr Ascension Data Analytics Bureau Of Consumer Protection Third Party Vendor Risk Management Gramm Leach Bliley Act

Ascension Settles With FTC Over Mortgage Data Mishap

Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Allegations by the Federal Trade Commission (FTC) against Texas-based Ascension Data & Analytics, LLC has resulted in the mortgage data analytics company’s requirement to install an enterprise-wide data security program, according to a press release issued by the FTC. The case is the result of the commission’s discovery that a vendor of Ascension was not sufficiently prote...
Andrew Smith Craig Rowe Ascension Data Analytics Bureau Of Consumer Protection Federal Trade Commission Texas Based Ascension Data
Source: inman.com

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