May 28, 2024 at 06:29PM
First American Financial Corporation, the second-largest US title insurance company, reported a December cyberattack impacting 44,000 individuals. The California-based company, founded in 1889, offers financial and settlement services to real estate professionals. This breach came a month after settling a 2019 hack and is similar to recent incidents in other title insurance providers.
Key takeaways from the meeting notes:
1. First American Financial Corporation, the second-largest title insurance company in the United States, suffered a cyberattack in December, resulting in a breach that impacted 44,000 individuals.
2. The company announced that personal information pertaining to approximately 44,000 individuals may have been accessed without authorization as a result of the cyberattack.
3. The breach led to the forced shutdown of some of First American’s systems to contain the impact of the cyberattack.
4. First American also agreed to pay a $1 million penalty to New York State for a prior 2019 security breach, which exposed personal and financial data, violating cybersecurity regulations.
5. Another title insurance provider, Fidelity National Financial, experienced a cybersecurity incident in November, resulting in varying levels of disruption to its business operations.
6. Fidelity National Financial confirmed that attackers stole the data of roughly 1.3 million customers using a type of malware that is not self-propagating.
These points offer a clear overview of the cybersecurity incidents and their impacts on First American Financial Corporation and Fidelity National Financial.