Industry News

Kansas title insurer settles with FTC in data security case

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

A Kansas title insurer settled a lawsuit with the Federal Trade Commission in which the company was accused of faulty data security practices including tossing consumer home loan applications into an open Dumpster, the FTC said Wednesday. The FTC settlement with Nations Title Agency Inc., Nations Holding Co. and Christopher M. Likens bars deceptive claims about privacy and security policies, and requires that the company implement a comprehensive information security program and obtain audits by an independent third-party security professional every other year for 20 years, the FTC said. Messages left with Kurt Mcley, an attorney in the legal department at Nations, seeking comment were not answered by press time. According to the FTC, Kansas City, Kan.-based Nations Holding Co. promised consumers it maintained "physical, electronic and procedural safeguards" to protect their confidential financial information, but "tossed consumer home loan applications in an open dumpster," the FTC ...