July 2021 Special Edition Industry Education Bulletin: Cyber Awareness Training

This Education Bulletin is a “must-read” for those seeking a more thorough understanding of the real-world impact of cyber-related events on the Industry as a whole.

This free and informative Bulletin provides in-depth review of events and issues currently impacting the Title (Settlement) Industry arising from “single-target” attacks [wire transfer fraud] and the more recent critical “industry-infrastructure” [ransomware] attack that occurred on July 16, 2021.

It includes a nine-page historical timeline of regulatory-world and real-world events to help “connect-the-dots” from Past to Present so readers may “predict” the Future for themselves and, in so doing, protect and preserve their place within the Industry.

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Content Overview

• Author’s Note
• Cloudstar Ransomware Attack
• Back-to-Basics: Industry Liability for Protecting “NPI” and “OPM”
• GLBA and State Privacy Laws
• FBI Internet Fraud – Scams and Safety [Definitions]
• Liability Landmines for Small Business Owners
• The Aftermath of a Ransomware Attack
• Transactional “Parties” and Your Potential Liability
• Data Breaches and Finger-Pointing
• Do “Do” Due Diligence
• Predicting the Future and Focusing on Our Collective Strength
• Regulatory-World Repercussions and Real-World Reverberations
• The “Writing on the Wall” – Grab Your Eraser!
• The Importance of Cyberliability Insurance
• Industry Educational Resources including Data Privacy and Cybersecurity
• Summary