Cyber or Data Breach Insurance

Do you have insurance in case the confidential information you keep is breached or in some way hacked?  Here is an article that discusses the need for coverage given the “explosion of access to and transmission of confidential data”  Click Here to read the article.

I asked Greg McDonald of Cloudstar Consulting if he advises his clients to purchase this kind of coverage.  Cloudstar specializes in technology solutions for title companies.  He said “there is a debate over how effective these types of policies are” A couple trends he sees are that this kind of coverage is mostly considered in bigger companies(150 – 300 agents) and they are usually run by boards and not individuals.  What do you think.  Is it time to consider data breach insurance.  Are you confident you have the right procedures in place to prevent cyber attacks?  Will this be part of the Risk Management and Risk Assessment that the CFPB may be asking of title companies?  What do you think?

Cyber or Data Breach Insurance

Basic Reading

Back to parent catalog

OPEN	Estimated Length: 3 hours Cost: $55.00 (USD) Credits: 3 Enrollment Valid For: 12 months

Description

3 Credits.  This course discusses the basic function of a title reader. Another course addressed the function of title searchers in the twenty one county record rooms in the State of New Jersey. The title office or agent will order the necessary searches required by a title application in accordance with the title underwriter’s guidelines.

The course discusses the elements of the search, the preparation of the commitment, and the factors that must be considered to insure the transaction.

Objectives

Upon completion of this course the learner will

• be able to list the elements of a search


• be able to prepare a completed commitment


• be able to identify common defects in title


• recognize liens and encumbrances associated with titles

Basic Reading

Xerox scanners alter numbers in scanned documents | ZDNet

As if we don’t have enough to think about . . .

When set in the non-default ‘Normal’ image quality mode, some Xerox scanners and photocopiers may change characters, including numerals, in scanned documents. The initial finding of this problem was made earlier today by German researcher D. Kriesel. Kriesel demonstrated that on a Xerox WorkCentre models 7535 and 7556 scans of certain documents with numbers in them resulted in the numbers being different in the paper and scanned image.

via Xerox scanners alter numbers in scanned documents | ZDNet.

Xerox scanners alter numbers in scanned documents | ZDNet

Veri-Tax Announces Integrations With Seven Mortgage Technology Providers | NEWS.GNOM.ES

Veri-Tax, LLC, the leading provider of verification and fraud management products, has recently integrated IRS income verification Form 4506-T and social security number verifications with three of the industry’s leading mortgage technology solutions, namely Ellie Mae® Encompass360®, INTEGRA Software Systems’ Destiny/Epic and Valutrust Solutions, a Williston Financial Group company.

via Veri-Tax Announces Integrations With Seven Mortgage Technology Providers | NEWS.GNOM.ES.

Veri-Tax Announces Integrations With Seven Mortgage Technology Providers | NEWS.GNOM.ES

Supreme Court agrees with state regulators: Insurers responsible for agent"s illegal action

This is from  | The Politics Blog | The Olympian

Not sure if this is a first but it appears now underwriters will be liable for their agents RESPA violations.

The Washington Supreme Court sided with the state insurance regulators Thursday in a case involving a Kitsap County insurance agency, Land Title Co., that was a contracted agent for Chicago Title. The court said in a 6-to-2 decision that Chicago Title was liable for the illegal actions by its agent, which had given out inducements including Seattle Seahawks playoff tickets in its efforts to secure business referrals.

Read more here: http://www.theolympian.com/2013/08/01/2652198/supreme-court-agrees-with-state.html#storylink=cpy

Supreme Court agrees with state regulators: Insurers responsible for agent’s illegal action | The Politics Blog | The Olympian.

Supreme Court agrees with state regulators: Insurers responsible for agent"s illegal action

Regulatory Compliance Guidelines

Preparing to meet your regulatory compliance guidelines doesn’t need to be difficult.  Title agents, settlement service providers, and third party venders can pick and choose from any of the following assessment, implementation, and remediation services.

ALTA Best Practices Assessments | mycloudstar.com.

Regulatory Compliance Guidelines

Help TAN your office and WIN!

From the ALTA Linkedin Group

Group: American Land Title Association – ALTA Subject: Help TAN your office and WIN! During August, the Title Action Network (TAN) is challenging all TAN members to recruit ONE new Title Action Network member this month. Simply encourage your new recruit to visit www.titleactionnetwork.com and click “Join TAN” on the right side of the page. The TAN member who refers the most new TAN members from August 1 to August 31 will win a free 2014 ALTA Federal Conference Registration! Just make sure that your new TAN members type your name into the “who referred you to TAN” field on the entry form. Not a TAN member? Visit www.titleactionnetwork.com and join today to start recruiting! Is your office already at 100% TAN participation? Call an industry colleague and ask them to join today at www.titleactionnetwork.com. We need our entire industry to be involved in promoting the value of the land title industry to legislators and regulators. Recruiting at least one new TAN member this month will help reach that goal! Here are a few points to encourage your colleague(s) to join TAN today: - TAN is free & takes only 90 seconds to join! - TAN promotes the value of the land title industry to state and federal policymakers. - We don’t bog down your inbox & our action alerts are easy-to- understand. - We focus on issues that are important to you and your business. Come TAN with us. Encourage your colleagues to join today at www.titleactionnetwork.com. Posted By Wayne M. Stanley

Help TAN your office and WIN!