ENEMY AT THE GATES
A bit of history in honor of October's Cybersecurity Month: Between the
eighth and fourth centuries B.C., the Chinese state of Chu began construc-
tion of a wall to keep out foreign threats. Over the course of 2500 years and
with the partnership of many other states, this fortification grew into what we
now call The Great Wall. China’s wall has done an admirable job standing
over the centuries, but in the digital age, its utility is diminished. These days,
the country has a Great Firewall to censor information coming in over the in-
ternet. While China’s internet restriction stands as a warning against censorship for the West, the
idea of building digital walls to keep out keyboard-wielding invaders is a sound one.
These days, hackers might be the greatest collective threat facing the world—look no further
than the Equifax breach over the summer, which saw the information of 143 million consumers
compromised. And that’s just the latest—Target, Verizon, Gmail, Ashley Madison… the list of
breached companies extends for miles.
In the financial services sector, we have an obligation to ourselves, our customers, our regulators,
and each other to keep our networks secure and to respond adequately when a breach occurs.
In this issue, you’ll find information on how to do just that, starting with a Primer on Cybersecurity
from guest writer Ken Perry and moving right into the cover feature, “Enemy Past the Gate,”
covering what to do in the event of a successful attack. Moving past that, find Shawn Malone’s
piece on New York DFS’ cybersecurity regulation, which may be leading the way for the industry,
as well as the latest on “Spear Phishing” attacks from Asaf Cidon.
While you’ll hopefully take away some helpful information from this issue, I also hope you won’t
be too turned off to the wonders of the digital age to take part. After all, the internet remains the
best way to keep in touch with us, whether it’s through my email or our Facebook page (www.
facebook.com/MortgageComplianceMagazine). Thoughts, questions, or concerns? Let us know.
Mortgage Compliance Magazine welcomes your feedback. If you have comments, questions,
criticisms, praise, or information to share with us and our readers, please write us at