The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to support cybersecurity preparedness within the mortgage brokering sector.
FSRA is proposing to adopt the Mortgage Broker Regulators’ Council of Canada’s Principles for Cybersecurity Preparedness into its regulatory framework. This will provide the sector with leading practices for preventing cyber incidents and ensure there is an appropriate response when they occur.
Cybersecurity aims to reduce the likelihood and impact of cyberattacks which could result in consumer harm, such as identity theft or title fraud.
Cybersecurity risks represent a significant and emerging threat to FSRA-regulated sectors. Proactive management of cybersecurity risks is critical to protect consumer privacy and contribute to public confidence within the sector.
Review the proposed guidance and submit your feedback. The consultation period is now open and will close on May 2, 2022.
- Mortgage Broker Regulators' Council of Canada Principles for Cybersecurity Preparedness for the Mortgage Brokering Sector guidance
- MBRCC Principles for Cybersecurity Preparedness
Before we begin, please make sure you do not include any personal or private financial information. If your inquiry does require this information be shared with us, please call us at 1-800-668-0128 or email us at [email protected] for instructions.
By submitting your content, you agree to have your materials posted on our engagement portal, used in reports and other materials prepared by Financial Services Regulatory Authority of Ontario (FSRA) that may be shared with the public. Content is moderated so that all posts are respectful and professional. The Freedom of Information and Protection of Privacy Act, R.S.O. 1990, c.F.31, applies to all online content.