Dive into the critical world of cybersecurity with ‘Title Company Security: A Practical Guide To Cyberthreats and Solutions,’ a comprehensive guide tailored specifically for the real estate sector. This book equips title companies with the knowledge and tools necessary to defend against cyber threats, safeguard sensitive client data, and navigate the complexities of digital security. This guide is indispensable, from understanding cyber risks and implementing best practices to developing robust cybersecurity frameworks and responding effectively to incidents. With practical templates, a glossary of terms, and a curated list of further reading, it provides everything title companies need to protect their operations and maintain client trust in an ever-evolving digital landscape.
NEW! 44-page eBook in PDF format.
- Ch 1: Introduction to Cybersecurity for Title Companies
- Ch 2: Understanding Cyber Threats
- Ch 3: Cybersecurity Best Practices
- Ch 4: Developing a Cybersecurity Framework
- Ch 5: Technologies for Enhancing Cybersecurity
- Ch 6: Cybersecurity Insurance for Title Companies
- Ch 7: Responding to a Cybersecurity Incident
- Ch 8: Future Trends in Cybersecurity
- Ch 9: Conclusion
Statistics for Title Companies
Why are Title Companies a target? Title companies are increasingly targeted due to the sensitive information they handle (Social Security numbers, bank accounts, etc.).
Wire Transfer Fraud – The exact cost of cyberattacks on title companies is difficult to quantify. However, industry reports suggest the average cost per wire fraud incident can be near $200,000. Over 25% of title companies reported experiencing wire fraud attempts in the last few years.
The FBI reports that the number of wire fraud incidents recorded in recent years is expected to break records. According to a survey by ALTA, only 17% of victims successfully recover all funds lost in wire fraud incidents each year, emphasizing the importance of rapid response and business continuity plans.
Lack of Security Awareness Training – In a recent report, only 37% of title company employees reported receiving cybersecurity awareness training in the past year. Lack of training is a risk factor!
Learn how to protect your Title Company and its data, reputation, and customers through our eBook. We are your experts!
