Breached: How the Mortgage Industry Can Implement Stronger Cybersecurity

As President of SLK Global Solutions, America, Alok Datta is responsible for the creation and execution of the overall revenue generation strategy for the business process management services area of SLK Global. Datta has over 20 years’ experience in the banking and financial services industry and business consulting. He has managed large operations across banking, mortgage lending, title insurance, and other sectors within the financial services industry, including as head of mortgage operations at a leading US Bank.

He recently spoke to DS News about the technology and market trends that are defining the market space and the steps that lenders can take to make their data more secure.

How can lenders and servicers work to ensure their customers’ data remains protected from cybersecurity breaches?

We have had many cyber security regulations in place in recent times in the compliance space especially if you look at the General Data Protection Regulations or those put in place by the New York State Department of Financial Services. The challenge though is around adoption of these regulations by lenders and service providers because they must determine whether…