ID
2022-005

Type
Policy
Sector
Mortgage Brokering
Status
Public comment closed
Date
Comment Due Date

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.

Learn more

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Sector Comment Date posted Sort ascending
Mortgage Brokering
[2022-005] Samantha Gale - CAPL - Canadian Association of Private Lenders
Please find comments attached.
May 2, 2022
Mortgage Brokering
[2022-005] Loreen Alexander
We have been carrying cyber liability coverage for a few years and I am impressed with how quickly it has evolved. I believe that the good insurance providers run their own stress tests and offer valuable feedback which is good to see.
April 28, 2022
No questions have been asked about this consultation yet.