December 27, 2023 at 09:24AM
First American Financial Corporation and its subsidiaries experienced a major disruption from a cyberattack, leading to the shutdown of systems and email services. The company is working to contain and assess the incident, but the duration and impact are still unknown. Customers are warned about potential malicious emails, and the company is collaborating with experts and authorities.
From the meeting notes, we can conclude that First American Financial Corporation and its subsidiaries have experienced a significant disruption due to a cyberattack. The company revealed that certain systems were taken offline as a result of a “cybersecurity incident” and also warned customers about potentially malicious emails.
The company has taken steps to isolate some systems from the internet, engage with law enforcement and leading experts, and notify regulatory authorities. It is diligently working to restore the systems and resume normal operations, but the duration and extent of the disruption are currently unknown.
As a result of the breach, the main website of First American and some subsidiaries remains offline, and there have been complaints on social media regarding financial losses and the company’s handling of the incident and communication with customers. While no specific information on the attack has been shared, it has the hallmarks of a ransomware attack, although no ransomware group has taken credit for it.
These meeting notes provide a clear understanding of the cyberattack and its impact on First American Financial Corporation and its subsidiaries, as well as the steps being taken to address the situation.