An attorney handling real estate closings needed to comply with ALTA Best Practices 5.3 for wire transfer security. They had no formal controls in place and an annual audit approaching.
Our Solution
We mapped their controls against ALTA requirements including email security, TLS encryption, vendor management, and employee training. Delivered compliance documentation ready for their annual audit.
The Results
Compliance documentation delivered and accepted. Wire transfer procedures now meet ALTA Best Practices. Security score improved from 50 to 88.
Before & After
Metric
Before
After
Security Score
50
88
Email Authentication
✗
✓
Exposed Files
N/A
N/A
Key Metrics
Improvement
38 points
Timeline
2 weeks
ALTA Controls
Met
Audit Ready
True
Frequently Asked Questions
What is ALTA Best Practice 5.3?
ALTA 5.3 requires title and settlement agents to maintain security procedures for wire transfers, including email authentication, encryption, and employee training.
How often do real estate attorneys need compliance audits?
ALTA Best Practices require annual self-audits. Many title insurers now require evidence of compliance before issuing policies.
What happens if a real estate attorney fails an ALTA audit?
Failure can result in loss of title insurer relationships, inability to close transactions, and increased wire fraud liability exposure.
Want the same protection?
We can deploy the same security controls for your business.