Cybersecurity Considerations After NY Lender's Data Breach

By Jami Mills Vibbert, Nancy Perkins and Jason Raylesberg (March 30, 2021, 2:14 PM EDT) -- On March 3, the New York Department of Financial Services announced its execution of a consent order[1] with Residential Mortgage Services Inc., a DFS-licensed mortgage banker and mortgage loan servicer, that fines RMS $1.5 million for its violations of Cybersecurity Regulation, Part 500 of Title 23 of the New York Codes, Rules and Regulations....

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