Cyber Crime in the Title Industry

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3 credits

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Cyber Crime

The FBI’s Internet Crime Complaint Center receives complaints crossing the spectrum of cybercrime matters. Since they began tracking scams in late 2013, it has compiled statistics on more than 7,000 U.S. companies that have been victimized. The scam succeeds by compromising legitimate business email accounts through social engineering or computer intrusion techniques, Businesses of all sizes are targeted, and the fraud is proliferating. Title companies handle a lot of money through their escrow accounts and are consequently a favorite target of cybercriminals. This course covers all the different types of cyber fraud, how to recognize them, and how to protect your business against them.

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ALTA Best Practices – an Overview

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Stephanie Fullerton of Streamline Consulting discusses the 7 Pillars of ALTA Best Practices. Not only is each Best Practice defined but an explanation is included that gives the reasoning behind it. Steps for implementation and the certification process are also discussed. Below is a brief outline.

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  • Overview   
    • ALTA
    • 7 Best Practices of Best Practices
  • Best Practice #1    
    • Licensing
    • ALTA’s Policy Forms Licensing Requirement
  • Best Practice #2: Escrow Trust Accounting
    • Steps to Compliance
  • Best Practice #3    
    • Protecting NPI
    • Steps to Compliance
  • Best Practice #4    
    • Settlement Processes
    • Recording Procedures
    • Pricing Procedure
  • Best Practice #5: Policy Production    
  • Best Practice #6: Insurance Coverage  
  • Best Practice #7:  Consumer Complaints  
  • Implementing Best Practices
  • Assessment Procedures
    • Assessment Preparation Workbook
  • Certification
    • Certification Package
    • Certification Package Part 1
    • Certification Package: Part 2
  • Conclusion

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