ALTA is committed to helping its members protect their business and clients from cyber attacks. Use these resources and information to understand what you should be doing to help safeguard your system.

Federal Requirements

Gramm-Leach-Bliley Act (GLB): This regulation requires financial institutions—companies that offer consumers financial products or services like loans, financial or investment advice, or insurance—to explain their information-sharing practices to their customers and to safeguard sensitive data. These companies include title and settlement companies, as well as law firms.

State Requirements

Forty-seven states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands have enacted legislation requiring private, governmental or educational entities to notify individuals of security breaches of information involving personally identifiable information.

ALTA Best Practices

The third pillar of ALTA’s “Title Insurance and Settlement Company Best Practices” provides procedures that should be taken to protect non-public personal information (NPI).

Resources

Federal Trade Commission

Federal Financial Institutions Examination Council (FFIEC)

Federal Bureau of Investigation

National Association of Insurance Commissioners (NAIC)

Webinars