First American to report latest cyber incidents

For more information about cybersecurity incidents, The latest in the series For now, First American Financial’s impact on mortgage lending and related businesses remains minimal, including the depth of the breach.

A statement released on December 21 said: “First American Financial Corporation experienced a cybersecurity incident. In response, the company has temporarily shut down certain systems and is working to resume normal business operations as soon as possible.”

The statement is placed on firstamupdate.comThe company said it will update the latest information. First American did not provide any other comment beyond the statement, which was also posted on X (formerly Twitter).

“No substantive additional information was provided regarding the incident,” Bose George of Keefe, Bruyette & Woods wrote in a note.

Other companies that have recently had to address cybersecurity incidents include First American Larger Competitor Fidelity National Financial Corporationalso Mortgage Lender and Servicer Mr. Cooper.

“While Mr. Cooper has quantified the impact they expect the breach will have on fourth-quarter earnings, FNF has not,” George added in the report.

This isn’t the first time a US airline’s systems have been breached 2019 Incident May Allow Unauthorized Access Since 2003, more than 885 million records contain sensitive personal information.

As a result, First American reached two legal settlements, the first of which was reached in 2021 to the Securities and Exchange Commission Of that amount, it paid $487,616 in penalties for disclosure violations.

Then, just three weeks ago, the title company settled with the New York State Department of Financial Services for $1 million to compensate for the 2019 incident.

Another major event occurred in 2021, when the title production software company Cloudstar shuts down due to ransomware attack.

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