The title insurance industry, like many sectors, has experienced a paradigm shift towards remote work, accelerated by the COVID-19 pandemic. While this transition has provided flexibility and continuity, it has also introduced a new array of compliance concerns and cybersecurity threats.
Ensuring robust security measures and regulatory compliance through proactive measures will become increasingly paramount, according to several industry experts who shared their thoughts on remote work’s impact across the title industry.
Shifts to remote work have necessitated the adoption of digital tools and platforms to facilitate communication, document handling and transaction processing.
However, this shift has also expanded the attack net for cyber threats, exposing vulnerabilities that need to be addressed comprehensively.
According to remote work recruitment and staffing firm Wifitalents, nearly 80 percent of workers have not received proper cybersecurity training from their employers.
“Cybersecurity has been emerging, in both incidents and awareness, for a number of years, but remote work has arguably increased the risk and importance,” said Kay Underwood-Zach, co-owner of Title Insurance Consultants and general manager at real estate technology provider Viking Sasquatch. “The best defense is a good offense. Training, communication, clear policies, and enforcement are the best way to make sure end users are aware and on the lookout.”
The Title Report also spoke with Title Insurance Consultants co-owner Brie McDaniel, Premier One Chief Revenue Officer Shawn Fox and D.Bello CEO Jeffrey Bates about remote work in the industry. Download your free copy of the Real Estate Compliance Outlook in-depth report to read the full story.