Cyber Attacks Show Importance of IT Security to Servicers
Crime, Defence & Security / Global / Wed 17 May, 2017
The recent global ransomware attacks highlight the importance of robust information technology (IT) security in loan servicers' operational risk frameworks. Because servicers rely on technology, the robustness of IT security, disaster recovery and business resumption plans are an important part of Fitch's servicer assessments.
In Fitch's view, the