In the news ... Wednesday, April 09, 2014

Mid-Atlantic Area

 

Pennsylvania

Three Glenhardie Corporate Center

1265 Drummers Lane, Suite 220

Wayne, PA  19087

(610) 687-8020

(800) 842-2080

(610) 687-6056 - fax

 

Calder Square

P.O. Box 10326

State College, PA  16805-0326

(814) 238-3600

(814) 238-3604 - fax

 

790 Holiday Drive
Third Floor
Pittsburgh, PA 15220
877-596-1260
412-921-6417 - fax

 

Delaware

32 The Green

Dover, DE  19901

(302) 734-3570

(800) 722-0784

(302) 734-3254 - fax

 

The 800 King Street Building

800 King Street, Suite 304

Wilmington, DE  19801

(302) 661-1997

(302) 661-1996 - fax

 

Maryland

Columbia Corporate Park

8850 Stanford Blvd., Suite 2900

Columbia, MD  21045

(410) 953-6763

(800) 664-8306

(410) 953-6761 - fax

 

Virginia

9303 Center Street, Suite 101

Manassas, VA  20110-5547

(703) 365-2300

(800) 232-6817

(703) 365-2400 - fax

 

1245 Mall Drive
Richmond, VA 23235 (804) 897-5499

(804) 897-9679 - fax

 

6802 Paragon Place

Suite 410

Richmond, VA  23230

(804) 441-6112

(804) 441-6050 - fax


Cyber Crime Prevention


Cyber crime is a highly organized and technically sophisticated global business that is constantly evolving to take advantage of the weaknesses in the interactions of technology, business process and human behavior.  While Corporate Information Services spends hundreds of thousands of dollars annually to protect Old Republic National Title Insurance Company networks and business computers from these threats, the most effective defense against criminal exploits is an informed and alert user community.

The July 30 email from the Corporate Legal department raised attention to a prevalent threat aimed at financial services organizations of all sizes, engaged in on-line banking transactions and money transfer activities, the Zeus botnet.

A botnet is a collection of software agents designed to be unknowingly installed on  targeted host systems like web servers or workstations.  Once installed, an operator controls the implanted software remotely turning the host system into a "robot" or bot for the operator.  This software, upon command, will provide the operator with preprogrammed information designed to be harvested from the host computer system.  The Zeus botnet is specifically designed to provide information needed to initiate and complete on line banking transactions to the bot operator, allowing real time access to secured financial assets.

There is no single action that will prevent a bot attack.  The list below is a combination of activities that can reduce the likelihood of you becoming the unknowing participant in an attack.

Preventive Practices:

  • Before beginning any financial transaction (wire transfer or ACH) check that the anti-virus software on your PC is active.

  • Do not open suspicious emails or attachments or follow links that direct you to websites with which you are not familiar.
  • Do not keep your internet browser open for extended periods when not in use.
  • Change your password regularly if you are performing fund transfer activities.
  • If you detect unusual application behavior during a wire transfer session, for example the session hangs or the screen goes blank, terminate the session immediately.  This can be done by powering off the computer or disconnecting the network cable from the back of the PC.  Do not leave a session unattended or in an incomplete status.
  • Use two separate workstations to initiate and release outgoing fund transfer authorizations.   
  • Minimize the amount of web browsing done from computers that are used for electronic wire transactions.  The less visibility to internet websites the less likelihood of acquiring malware.
 

 

Please contact Sue Morgan at Old Republic Title with any questions
or give us a call at 610-687-8020 or 800-842-2080. 

 

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Old Republic Title Update is published by the Mid-Atlantic Area Office of Old Republic National Title Insurance Company in an effort to provide information relative to our industry on a timely basis. None of the materials included in this publication should be deemed legal or underwriting advice or should be acted upon without prior consultation with your underwriter or counsel.