Legal Blog

Compensation and Compliance Matters: Consumer Mortgage Data Breaches Do Not Just Exist in Cyberspace

There have recently been some large data breaches of consumer information that have made the news. Less known, there have been numerous examples of physical loan files being stolen from mortgage banks for the apparent purpose of identity theft. While no one can prevent data theft with 100 percent certainty, there are many simple ways lenders can greatly reduce the chances of a data breach. For instance, lenders should ensure that all electronic access, including remote access through smart phones and laptops, is secure.

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If you have any questions please contact Ari Karen at:

Bank Manager Reimbursementsakaren@offitkurman.com  | 240.507.1740

Ari Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide.

Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.

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