Identity fraud is a hugely important problem. Today, criminals have tools at their disposal to get at sensitive Consumer Financial data. Complicated situation and that we get briefings like wheree i just received you go through just how massive the problem is and the techniques that are available. We realize that mentioning them in public is not a wise thing to do. This puts us in a tough situation. And thell of my Members Committee and their staff to get those briefings from members to our testifying today to see how big a problem this is. It is costing us a lot more than we think. Toolsare large numbers of that people use. These intrusions are only becoming more sophisticated. In the news this week there was synthesizer voice from anke instructions employee who thought it was his boss. That will accelerate as the Technology Gets more advance. The stakes in this are a enormous. Financial services at the front lines of this attack. It can be used for something to do Identity Fraud. It
/PRNewswire/ Pango Group recently announced that it has successfully completed a Statement on Standards for Attestation Engagements No. 18 (SSAE 18) SOC 1 &.
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Pango Group Passes Its SSAE 18 Type II Audit for Sixth Consecutive Year
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GLENDALE, Calif., Dec. 17, 2020 /PRNewswire/ Pango Group recently announced that it has successfully completed a Statement on Standards for Attestation Engagements No. 18 (SSAE 18) SOC 1 & SOC 2 Type II audit for its sixth consecutive year.
With the ever-evolving regulations mandated by the Consumer Financial Protection Bureau (CFPB), Pango Group is proud to be one of the first independent escrow companies in California to complete this Type II audit. By establishing and implementing systems that meet the guidelines of ALTA Best Practices and Escrow Institute Model Policies and Procedures, Pango Group is in the best position to be compliant with many of the lender requirements due to the CFPB regulations.