ALTA Past President Details Wire Fraud Threats During Congressional Testimony; What TLTA Is Doing to Help You Keep Your Company Safe

By TLTA Staff
Nov. 2, 2017

ALTA Past President Daniel D. Mennenoh ITP, NTP detailed the threat of wire fraud during a Congressional hearing Nov. 1 before the Subcommittee on Financial Institutions and Consumer Credit.

During the hearing titled "Data Security: Vulnerabilities and Opportunities for Improvement," Mennenoh shared that wire fraud scams have increased 480 percent over the past year. These crimes have cost consumers $5.3 billion.

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What TLTA Is Doing to Help You Keep Your Company Safe

The TLTA Cyber Security Task Force has unveiled two new resources to help you deal with this massive threat affecting everyone in our industry: a cyber fraud resources page on the TLTA website, and an educational program addressing all the key issues. 

The TLTA Cyber Fraud Resources web page is full of links to critical resources and a video that can help protect your company and your clients. It also includes downloadable flyers that you can brand with your company information, designed for internal use with your staff and externally with your customers. Check it out today, and let us know what you think. 

In addition, Cyber Crime Prevention Update – Scams, Schemes and Your Security will take place Wednesday, Dec. 6, the day before the Texas Land Title Institute in San Antonio. You'll hear about the newest schemes and scams, how to spot red flags, what kind of insurance you need and what you can do to protect your company. You'll walk away with detailed plans, timelines and checklists designed to help you. Learn more and register today!