JT Gaietto is Executive Director, Cybersecurity Services for Richey May & Co. He focuses on providing clients with critical security and regulatory compliance support, including incident response, third-party risk management, business continuity and customer and government due diligence oversight. He can be reached at email@example.com.
[Expert commentary] We’re now well into the second quarter of 2018, a point where organizations should be well into executing their technology and cybersecurity plans for the year. However, many are still looking for guidance on what products they should be considering, how to align their needs with their limited budgets, or even more simply, how to meet the latest compliance requirements. Here are three emerging trends companies should be focused on for the rest of 2018.
In the days following the 2016 election, business leaders across many industries were hopeful that the new president would make good on his promise of widespread deregulation. Banks and other financial institutions were especially optimistic. Here at last was the relief they had been looking for. Or not.
Even Hollywood knows better than to produce a sequel when the original movie is truly, horrifically bad. That’s why, thankfully, we haven’t seen sequels to such all-time cinematic disasters as Howard the Duck, Gigli, The Last Airbender, Jack and Jill, Glitter, or Battlefield Earth. Which brings us, in an admittedly roundabout way, to the question of whether we’re about to see a sequel of sorts in the mortgage industry: The Return of the Subprime Loan.
With FHFA director Mel Watt’s term due to expire in January 2019, the question of whether to move ahead on some version of administrative reform may rest with his successor. In the meantime, policy makers would be well-served to work together to come to some agreement on options for administrative reform. At a minimum, agreeing on a common definition would be a good first step.