Fraud Watch

First American Financial Corp. released the First American Loan Application Defect Index for September 2016.

In September it showed the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications, decreased in the month from the previous month and year.

Keep reading to learn more.

There is a lot of news about cybersecurity putting individuals on alert regarding potential threats to their businesses. Cloudstar CEO Gregory McDonald told The Title Report what title agents need to know. The most important tip is, it can, and most likely will, happen to you.

In an effort to identify vulnerabilities on the Department of Defense’s webpages, the Pentagon is hosting a “Hack the Pentagon” initiative. This is the first cyber bug bounty program in the history of the federal government, and part of the President’s Cyber National Action Plan. Keep reading to learn more. 

The Federal Trade Commission will spotlight efforts to protect consumers from fraud, identity theft and other consumer issues during National Consumer Protection Week, March 6-12. As the CFPB pointed out with its first data security action, consumers can’t be too careful who they give their personal information to. Keep reading to learn more. 

The First American Loan Application Defect Index remained unchanged in January from a month earlier and is at its lowest point since the inception of the index. Read on to see all the details.

Increased risk of fraud in Florida was in-part driven by higher concentration of sales to investors, according to First American’s Chief Economist Mark Fleming. The company’s Loan Application Defect Index for November 2015 estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. Read on to learn more. 

Regions Bank launched a collection of articles and videos offering up-to-date insights to help keep consumers safe during the holiday shopping season and beyond. The information will alert consumers to common types of fraud and theft – as well as steps consumers can take to protect themselves. Read on to learn more. 

Real Estate Data Shield (REDS) will launch REDS 2.0, the company’s security and compliance solution in November of this year. While all the familiar offerings from the original version of REDS will be included, the new, timely modules will have a more updated look and feel. Read on to learn more. 

With the goal of providing the industry and consumers with a more secure way to bank online, the American Bankers Association (ABA) and the Financial Services Roundtable teamed up with other financial services investors to offer .bank and .insurance domain names. With extra security measures in place, these domain names provide a safer  alternative for those in the financial services industries.

Although email is a vital communication resource, it also is vulnerable to exploitation and data loss if the right security measures aren’t in place, according to AppRiver’s “Compliance 5 steps CipherPost Pro white paper.” The company listed five ways organizations can secure their email communications. Keep reading to learn more.