Cyberawareness

The American Land Title Association (ALTA) said has updated an alert of a breach within the title and settlement industry which revealed non-public personal information.

ALTA has worked to contact member and licensee companies who might have been affected.

Read on for more, including ALTA’s tips to protect your company and its information.

A specialized think tank sponsored by NetDiligence has issued its first report on the ever-growing problem of cybercrime.

The report said the cost to insurers for cybercrime-related incidents in 2017 was estimated to be between $600 million and $900 million, with total breach costs estimated to be between $800 million and $1.2 billion.

Read on to learn the members of the think tank.

The co-founder and CEO of CertifID has released a new eBook designed to teach business owners and consumers how wire fraud scams work and the simple steps to achieve a high level of protection.

Read on for more details.

On average, financial institutions each year spend $2,300 per full-time employee on cybersecurity, according to a report released by Deloitte and the Financial Services Information Sharing and Analysis Center.

The report found that larger firms spend nearly one-fifth of their cybersecurity budget to identity and access management — nearly twice the percentage of midsize and smaller companies.

Read on for more details from the report.

CertifID now is protecting all wire transfers that are initiated by buyers in real estate transactions for up to $1 million for a single fee of $4.95.

Read on for more details.

A portfolio company of The Wicks Group has launched safeguards especially designed to protect small businesses and their employees from potential cyber threats and data breaches.

The company said its platform enables small businesses to pinpoint and understand risks, develop a customized cybersecurity action plan, and identify the tools needed to safeguard the business.

Read on for more details.

Vendorly now is an authorized reseller of BitSight Security Ratings.

Read on for more details.

One of the largest independent title agencies in Utah has adopted SafeChain’s platform to protect its wire transactions.

The agency’s title agents will use SafeWire to authenticate ownership of the buyer’s and seller’s respective bank accounts to make sure funds are being sent to and received by authorized parties.

Read on for more details.

SafeChain has integrated data from Accuity into its platform to give users greater confidence that funds are being wired to the correct account.

Read on for more details.

Cloudstar has launched a fraud-prevention tool that sends custom tailored phishing emails to all parties in the real estate transaction.

Read on for more details.