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

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 entered into a proposed settlement agreement with the Federal Trade Commission (FTC) following charges tha...

FTC Settles with Mortgage Analytics Company following Vendor Security Issues - Vimarsana News

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 settlement agreement with the Federal Trade Commission (FTC) following charges that it violated the ...

Ascension Settles With FTC Over Mortgage Data Mishap - Vimarsana News

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 protecting personal information for mortgage holders. Under the Gramm-Leach-Bliley Act’s Safeguards Rul...

Source: inman.com