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Official: Puerto Rico govt loses $2.6M in phishing scam

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government has lost more than $2.6 million after falling for an email phishing scam, according to a senior official.

The finance director of the island’s Industrial Development Company, Rubén Rivera, said in a complaint filed to police Wednesday that the agency sent the money to a fraudulent account.

New Real Estate Research: Attackers Target the Full Transaction Chain

There’s real money to be made in real estate. And in 2020, we anticipate the potential for profit will continue to attract cybercriminals as they attack real estate transactions, which are mostly carried out through their favorite channels: emails, websites, and attached documents. To uncover the top cyberattack trends—and detail necessary safety tips—we examined more than 600 U.S. real estate transaction attack attempts and here’s what we uncovered.

ALTA releases data privacy principles

Industry News Thursday, February 13, 2020 The American Land Title Association’s (ALTA) newly released data privacy principles recommend the development of a single, national standard. ALTA said its principles protect consumer private information uniformly and...

Title agents assess TRID’s effectiveness

The Consumer Financial Protection Bureau (CFPB) has received dozens of comment letters from title agents and settlement attorneys offering recommendations for modifying, expanding or eliminating its TILA-RESPA Integrated Disclosures (TRID) rule.

Security experts: Here’s how to prevent your company from getting hacked

As the Iowa caucus delays fully showed, relying on technology can be just as much of a negative as a positive.

It was in that spirit that a panel of security experts told the crowd at the Mortgage Banker Association’s Independent Mortgage Bankers Conference in New Orleans that cybersecurity only works if the people using it are prepared and ready to face whatever challenges are throw their wa