N.J. District Court Upholds FTC Authority to Regulate Data Security

A decision by the U.S. District Court for the District of New Jersey upheld the Federal Trade Commission’s authority to regulate data security practices.

This is directly related to ALTA Best Practice #3 about Non Public Information.

The court denied Wyndham Worldwide Corporation’s motion to dismiss challenging the FTC’s authority to pursue unfair and deceptive trade practices claims arising from a cyber breach.

The FTC sued Wyndham and three subsidiaries in 2012 after hackers from Russia allegedly broke into its computer network and property management systems from 2008 to 2010. The hackers allegedly stole names, Social Security numbers and account numbers of over half a million of consumers. Fraudulent charges on the compromised accounts totaled over $10 million.

The commission alleged that Wyndham failed to employ reasonable data-security measures to protect the information from theft. It alleged there were several information-security problems at Wyndham hotels, including wrongly configured software, weak passwords and insecure computer servers. The complaint also said that Wyndham’s published online privacy policy was “deceptive.”

Is your information secure?

N.J. District Court Upholds FTC Authority to Regulate Data Security

ALTA Best Practice #1 - Licenses

Over the next few weeks I will be discussing the ALTA Best Practices.  #1 is about licensing.

– Title Agent or Producer license or registration or any other business licensing requirement as by state law, or a license to practice law , where applicable.

Best Practice

– Establish and maintain all current licenses that are required to conduct title and insurance settlement services business.

Reason

– Keeping up to date with all applicable state mandated licenses and corporate registrations, helps to establish and maintain a healthy and happy relationship between your company and the state.

For more information about ALTA Best Practices, take Learntitle’s Ethics course.  Enroll Here.

ALTA Best Practice #1 - Licenses

Ethics course updated

Learntitle’s Title Insurance Ethics course has been updated to include information about the new ALTA Best Practices.  The course is approved by DOBI for 3 credits.   Click Here to enroll.

Ethics course updated