Valuable Information Security Lessons from <i>Olympus Mortgage vs. Guaranteed Rate</i>

Earlier this year, a jury awarded Mount Olympus Mortgage Company (MOMC) more than $25 million for its claims against Guaranteed Rate, which alleged Guaranteed ' along with other former employees of MOMC ' illegally transferred hundreds of loan files from MOMC's internal systems to Guaranteed. The award is notable for showcasing how important it is for a company to maintain control of its data security, both from external threats and employees.

8 minute read July 01, 2016 at 12:00 AM
By
Craig Nazzaro and Tracy E. Weir
Valuable Information Security Lessons from <i>Olympus Mortgage vs. Guaranteed Rate</i>

Earlier this year, a jury awarded Mount Olympus Mortgage Company (MOMC) more than $25 million for its claims against Guaranteed Rate (Guaranteed), which alleged Guaranteed ' along with other former employees of MOMC ' illegally transferred hundreds of loan files from MOMC's internal systems to Guaranteed.

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