December 21, 2023 at 02:11PM
First American Financial Corporation, the second-largest title insurance company in the U.S., experienced a cyberattack, leading to the shutdown of certain systems. This California-based company, with over 21,000 employees and annual revenue of $7.6 billion, faced a $1 million penalty for cybersecurity violations in 2019. Similarly, Fidelity National Financial also reported a recent cyber incident.
Based on the meeting notes:
– First American Financial Corporation experienced a cybersecurity incident and took some of its systems offline in response.
– In November, they paid a $1 million penalty to settle violations of New York’s Department of Financial Services’ Cybersecurity Regulation stemming from a May 2019 breach.
– Fidelity National Financial also reported a cybersecurity incident last month and took containment measures to block access to certain systems.
– The ALPHV/BlackCat ransomware gang claimed responsibility for the breach at Fidelity National Financial on November 22.
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