Mortgage Analytics Company and FTC Agree to Settlement on Allegations Related to Third-Party Vendor Data Breach
Ascension Data & Analytics LLC, a data analytics company for the mortgage industry, has entered into a proposed settlement agreement with the Federal Trade Commission (FTC) following allegations that it violated the Gramm-Leach-Bliley Act’s (GLB) Safeguards Rule by failing to ensure that a third-party vendor was adequately securing data of mortgage holders. The FTC complaint states that Ascension contracted with the third-party vendor, OpticsML, to scan and store mortgage documents containing sensitive financial information of…