Bulletin: SA2014020

Date:
August 14, 2014
To:
All Issuing Offices
RE:
SPECIAL ALERT - Accounts Payable Scam - Janet Morgan

Dear Associates:

This communication advises you of a scam involving a person or persons falsely representing themselves as employed by Stewart Title in the Accounts Payable Department.

We have received reports of emails sent by someone using the name and title "Janet Morgan, Senior Executive, Accounts Payable, Stewart Title." These bogus emails have been sent to outside entities to solicit the name and email address of that entity's accounting contact and perhaps to obtain copies of that entity's invoices to Stewart. The emails purport to need this information in order to process a payment from Stewart. In most cases, the recipients of these bogus emails do not do business with Stewart. Some are industry-type vendors (glass company, valve manufacturer, etc.).

These emails are false. This person has no affiliation with Stewart. This person is using Stewart's name without authorization. This information is being sought for some nefarious purpose, perhaps to divert payments and/or to obtain bank information.

Please be alert to suspicious emails that purport to be sent by anyone unknown to you at Stewart, particularly if they request financial information that can be misused. The perpetrators may use other fictitious names as well.

If you receive an inquiry relating to the above, please contact Stewart’s Compliance Officer at Compliance@stewart.com.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None