Upgrade Needed for TitleFlex Users

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Effective January 3, 2020 the TitleFlex application was updated to comply with the latest TLS internet security protocol. TLS (transport layer security) allows computers to communicate over the internet securely without the transmissions being vulnerable to hackers. There are several know weaknesses in TLS 1.0, the current protocol, and as a results over the last year the computer services industry including most application providers have already moved or prepared for a 2020 move to the improved TLS version 1.2.

How will you be impacted?

If you are using an older, unsupported version of any of the browsers below your TitleFlex application will no longer function beginning January 3rd. TLS 1.2 is not compatible with many older browsers. Depending on the version of browser installed on your system you may need to update to the latest version. If you are already using the supported browser no action is required.

Click here For help understanding how to check your internet browser version and to review the official TitleFlex notice.

February Webinars

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Fraud Prevention – CRMP Certified Course

Wednesday, February 12,  2020- 10:00am PST/1:00pm EST 

Join us for a class dedicated to enhancing the security of your transaction. We have compiled a comprehensive overview of some of the most common ways you can detect and prevent fraud. Allow us to share with you ways to stay alert to fraud so you can protect yourselves, your clients and increase overall awareness of the dangers of fraud.

Note: CRMP Credit not available for California residents.

Click here to register.

 

The Payoff Process

Wednesday, February 19,  2020 – 10:00am PST/1:00pm EST 

Paying off debt is a crucial part of the reverse mortgage transaction. Join us to familiarize yourself with the timeline and requirements when there is debt involved. We will also cover ways to identify potential liens that may cause delays in the closing of your file.

Click here to register.

ALERT! Date Abbreviation Best Practices

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With the New Year upon us, multiple law enforcement agencies across the country are advising consumers, legal and financial professionals to take care to write out the entire year, 2020, when dating and signing documents. Using the shorter abbreviation will allow fraudsters to alter documents by adding numerals after the 20, thus altering the date and legal impact of those documents. For example, 01/03/20 could easily be altered to read 01/03/2019. In some cases, this alteration may render the document void.

See the document below from NATIC to share this message with colleagues and loved ones.

SPECIAL ALERT – Avoid Abbreviating Dates

DFS Press Release: Cybersecurity Risk Alert

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The Department of Financial Services (DFS) gave a formal press release that was distributed on January 4, 2020 outlining the heightened risk of cyber attacks from hackers affiliated with the Iranian government. There is a history with Iran launching cyber attacks against the U.S. and the financial services industry. DFS is urging all regulated entities to increase their vigilance against cyber attacks. Although there have been no noted attempts made, it is important to remain prepared to quickly respond if an event were to occur. They advised that Iranian-sponsored hackers typically resort to common hacking tactics such as email phishing, credential stuffing, password spraying and targeting unpatched devices. DFS asks that you notify them promptly of any significant or noteworthy cyber attacks.

Any questions or comments regarding this alert should be directed to CyberAlert@dfs.ny.gov.

Click the link below to read the full press release.

DFS Press Release – January 4, 2020