Information Security and Wire Transfer Fraud are critical topics for the land title insurance and settlement industry. Wire Transfer Fraud is a threat to every title operation regardless of size, location or years in business. ALTA’s priority is helping you protect your systems, plan for a rapid response in case of an incident, and prepare your employees, clients and customers to be aware and vigilant.

Industry Standard Policies and Tools

Employee Training and Awareness

Resources for Your Clients and Consumers

  • Wire Fraud Tips Video: Share this 1-minute video with homebuyers so they know how to protect their money.
  • ALTA Wire Fraud Video: This 2-minute video provides four tips on how consumers can protect their money and offers advice on what to do if they have been targeted by a scam. Link to this video from your website, include in your email or share on social media.
  • ALTA Wire Fraud Infographic: ALTA has produced this Rack Card explaining Wire Fraud. ALTA Members can brand the infographic with their own information at the ALTAprints website.
  • ALTA Wire Fraud PowerPoint for Consumer Education: (Member-only content) Use this presentation to educate consumers about the dangers of phishing emails and wire transfer fraud. The presentation provides information on what to do if you’ve fallen victim to a scam and also highlights 10 tips to prevent wire fraud.

Get Information to Help Your Business and Your Customer Protect Closing Funds

Information Security Articles

Recent 2022 2021 2020 2019 2018 2017 2016 2015 2014

How Fraudsters Target Mortgage Lending
National Mortgage News  |  May 11, 2022
“Email continues to be ubiquitous in the mortgage industry for transacting a loan,” said  Todd Keller, chief information security officer at Cherry Creek Mortgage. “So you're working with a lot of third parties—whether it's title, real estate, the borrower themselves—and a lot of that information about specifics around the loan will be communicated via email. So the bad guys realize this, and that's an easy target.”
Westcor, ClosingLock Partner to Help Combat Wire Fraud
May 3, 2022

Westcor Land Title Insurance Co. and ClosingLock are partnering to help combat wire fraud for the underwriter’s agents. The partnership will allow Westcor to offer ClosingLock to their agents, protecting them from wire fraud in addition to improving the closing experience.

How to Guard Against Losing Your Assets to Wire Fraud: A Growing Cybersecurity Threat
North Bay Business Journal  |  May 2, 2022

“We don’t want to see those trying to purchase homes derailed by wire transfer fraud. To help prevent this, we launched a campaign to inform homebuyers and policymakers about the dangers, along with signs of what may take place when closing on a new home or refinancing a mortgage,” said Jeremy Yohe, vice president of communications for the American Land Title Association.

Russian State-sponsored and Criminal Cyber Threats to Critical Infrastructure
April 26, 2022

Cybersecurity authorities from the United States, Australia, Canada, New Zealand and the United Kingdom released a joint cybersecurity advisory (CSA) warning that Russia’s invasion of Ukraine could expose organizations to increased malicious cyber activity.

Last Chance: Take ALTA's Wire Fraud & Cyber Crime Survey
April 12, 2022

The United States experienced an unprecedented increase in cyberattacks and malicious cyber activity as consumers lost $6.9 billion to internet crime in 2021, according to the FBI. Because of this, ALTA would like to know your company’s experience with wire transfer fraud or cybersecurity? Please take ALTA's Wire Fraud & Cyber Crime Survey to share your experience. The goal of the survey is to learn more about wire fraud incidents in the industry. Your participation and results of the survey will help ALTA continue to raise awareness and encourage federal agencies to focus more on the threat of wire transfer fraud. Survey results will help title and settlement agents benchmark wire fraud experiences and practices.