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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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.