Cyber Threats Growing in Frequency, OCC Reports
January 9, 2014
Cyber threats are growing in sophistication and frequency, and require heightened awareness and appropriate resources to identify and mitigate the associated risks, the Office of Comptroller of the Currency reported in its Semiannual Risk Perspective for Fall 2013. ALTA created its "Title Insurance and Settlement Company Best Practices" to help lending institutions supplement their risk-management programs. Read on for information on how the Best Practices can help companies protect escrow/trust accounts from fraud, procedures to safeguard non-public personal information and actions to follow in case of a security breach.
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