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Ginnie Mae implements swift cybersecurity incident reporting standards

Ginnie Mae has introduced new cybersecurity incident reporting requirements, the government-owned enterprise announced on Monday. The initiative underscores Ginnie Mae’s commitment to bolstering its companywide information security, business continuity and reporting standards.

Effective immediately, issuers of Ginnie Mae mortgage-backed securities must notify Ginnie Mae of any cybersecurity incident within 48 hours of its detection. 

The company defines a cybersecurity incident as any unauthorized access, disclosure, alteration, transfer or destruction of confidential personal information “that may impact the Issuer’s ability to meet its obligations under the terms of the Guaranty Agreement.”

Furthermore, issuers that subservice for details ⇒

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