Ransomware attacks and cyber breaches are on the rise and proving to be a serious challenge for the industry.

While Fannie Mae is partnering with Amazon Web Services to strengthen its defenses against cyber attacks, other entities are urging greater vigilance through enforcement. For example, the New York State Department of Financial Services is issuing fines to lenders who fail to provide adequate cybersecurity for their customers' private information.  

For more on these and other cybersecurity stories, read our roundup below.