Lawsuit Provides Instructive Advice on Escrow Trust Account Security

August 28, 2014

A recent ruling against a title company is important to those who operate escrow trust accounts because unlike consumer accounts, banks have the ability to shift liability for fraudulent transfers out of a business account. Read on to learn why it's not only important to implement the proper network security, but why it's also vital to utilize all security processes offered by a bank and to encourage them to offer processes they may not currently provide, such as international wire transfer blocks.

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