"Data security best practices for licensed lenders' telework" by Sherry-Maria Safchuk and James C. Chou (Law360)
Law360Sherry-Maria Safchuk, James C. Chou
State-licensed/registered brokers, lenders and servicers have increased their focus on data security as the spread of COVID-19 has extended work-from-home orders, and what now seems to be a lasting acceptance of remote work means that the tools used to secure data will remain relevant when the pandemic ebbs.
This article examines recent state guidance on remote work and data security, highlights key data security requirements in recently enacted legislation, and identifies best practices for licensees to optimize or expand their remote working environments in a secure manner.
Originally published in Law360; reprinted with permission.