Ami issues cyber security warning, draws up member factsheet

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The Association of Mortgage Intermediaries is warning brokers that they should review their cyber security protection and has drawn up a factsheet for members on the issue.

The document sets out areas of consideration and possible solutions.

An Ami statement says: “Recent global attacks, a regulatory focus on cyber risk and general data protection regulation mean now is as important a time as ever for firms to review their cyber security strategy.

“Firms should approach cyber risk in a similar way to regulatory risk, in that staff at all levels should have a basic understanding.”

Ami chief executive Robert Sinclair says: ““The global spread of the WannaCry ransomware should be a wake-up call for businesses to review their cyber security infrastructure, as no sector or type of firm is immune from attacks.

“This is particularly relevant considering the implementation of the general data protection regulation next May which requires firms to understand how they hold and process their data, with significant fines for any breaches.”

The trade body will also be including a section on cyber security in its monthly member newsletter.