Important Cyber Insurance and Cyber Security Updates to Keep You Safe

Dear Members,

I will be on vacation this week but do not despair …  a Title Now Pop Up Webinar will still happen this week!  Please join Fund Legal Education Manager Michael Rothman as he hosts We Need to Talk About Cyber Insurance with Daniel Enriquez, Esq., shareholder at Carlton Fields in Miami. Daniel and his firm’s team litigate cyber coverage disputes for insurance companies and regularly counsel clients on coverage issues involving data breaches and social engineering frauds. This webinar promises to be most informative and a good introduction to what we have planned for Fund Members during October’s Cyber Security Awareness Month.   Thursday, Noon, 30 minutes, FREE!  Here is a link to register. ​https://attendee.gotowebinar.com/register/3154613618457275151

Keeping with the same theme……Affiliate Assembly was this past week.  (I am very proud of our Fund Team that put this together to provide interesting and timely information to our paralegals and other support staff.)  My biggest "learn" was from the final session on Cyber Fraud.  YIKES!  Here are my takeaways from this session (but there are more gems than what is in this list):

• The scammers have come up with ways to leverage COVID-19 to fool you into allowing them to load malware on your computer.  These include inviting you to a Zoom meeting that is just phising to see if you will "bite,"  fake emails from the World Health Organization allegedly giving "guidance updates" with a "link" to download the info (DON'T DO IT!); and emails that tell you someone you have come in contact with has been diagnosed with COVID and they listed you as a recent "contact" that might be at risk.  Again, there is a link with which they tempt you to get more information.
   
• Cash out refis (which are active right now with the low interest rates) are now a target for email hackers to steal those proceeds from the owner.
   
• Closing agents need to take a fresh look at their office protocols to prevent fraud.  You should have a multi-layered approach that includes updated hardware, updated software, people who are educated and aware of the risks, processes for wire transfers that reduce risk and then last:  are your partners (e.g., real estate agents/brokers, lenders) a weak link????

There was more in this presentation but too much to include here.  If you missed it, there is still time to register for Affiliate Assembly and gain access to ALL of the presentations…… on your schedule.  If you are interested, here is a link to register or get more information. 
https://www.thefund.com/affiliateassembly/ondemand.aspx

That's all for this week.  Stay safe!  Let me know how we can help you.

Melissa Jay Murphy
Executive Vice President, Chief Legal Officer,
General Counsel and Secretary