BY KEN PERRY
phones—you know, to make calls. Now
our phones give us the power of a laptop
right in our pockets.
The beauty is that technology provides
solutions to increase loan production
speed and quality and lower costs. The
down side is that we have moved so
quickly that we have gaping security holes
that leave us vulnerable.
Think about how easy it is for a hacker
to get our information. We use unsecured
WiFi at coffee shops where a 16-year-
old kid can use free software to record
everything we type and play it back like
a movie. We use the same passwords for
every website. We open emails and click
on attachments without looking close
enough to realize it’s a hacker dropping
ransomware on our machines.
each day as
every aspect of
our daily lives.
Did you know the first known use of the term “cybersecurity” was in 1989? Not surprisingly, it saw a
surge in usage around 2000. Anyone re-
I bring this up to remind us that
cybersecurity is not a new concept.
Cyberthreats have been a major
business concern for over a decade now.
However, the importance of protecting
data gets more pressing each day as
technology continues its relentless
march into every aspect of our daily
Do you remember when the biggest
data security threat was a smash-and-grab of borrower files from your office?
Oh, for the good old days. It wasn’t
long ago that we used our phones as