Title Company May Appeal Ruling in Cyber Crime Case to U.S. Supreme Court

August 7, 2014

A Missouri-based title company may appeal to the U.S. Supreme Court after a federal appeals court denied a request to rehear a case involving fraudulent transfers of $440,000 from a trust account in 2010. Read on to learn why this decision is instructive on the importance of implementing ALTA's Best Practices, which includes developing proper network security and effective escrow controls to help ensure accuracy and minimize the exposure to loss of client funds.

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Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.