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.
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.
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).
Federal Trade Commission
Federal Financial Institutions Examination Council (FFIEC)
Federal Bureau of Investigation
National Association of Insurance Commissioners (NAIC)
- NAIC Cybersecurity (EX) Task Force
- Principles for Effective Cybersecurity: Insurance Regulatory Guidance
- Data Security Essentials: Strategies to Protect Non-public Personal Information (Download copy of presentation)
- Fortify Your Business: Lock Down Data and Protect Client Funds (Download copy of presentation)
- Safeguarding Escrow Trust Accounts
- Best Practices: Protecting Non-public Personal Information (Download copy of presentation)
- Fraud and Your Escrow/Trust Accounts (Download copy of presentation)