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California Consent Order Highlights Cybersecurity Documentation and Vendor Oversight Risks for Mortgage Companies

In August 2026, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Academy Mortgage Corporation resolving findings arising from a March 2023 ransomware attack, which signaled that a mortgage company’s ability to document cybersecurity governance may matter as much as…

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OCC Report Signals AI Governance Guidance Is on the Horizon as Banks Navigate Dual-Edged Risks

In May 2026, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective report, warning that artificial intelligence (AI) is “significantly transforming” the cybersecurity threat landscape for banks.  Specifically, the OCC found that AI can be used to facilitate fraud, while also lowering the barrier to…

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