Due to cyber attacks First American FinancialA total of 44,000 people were affected by the unauthorized access to the company's systems in late December, according to a regulatory filing on Friday.
In the 8K disclosure document, Securities and Exchange Commission (SEC), the title insurer told the SEC that its investigation into the incident had concluded, but provided few additional details.
“Based on our investigation and findings, we have determined that the personal information of approximately 44,000 individuals may have been improperly accessed as a result of this incident,” First American wrote. “We will provide appropriate notice to potentially affected individuals and will provide these individuals with credit monitoring and identity protection services at no cost to them.”
Housing Wire First American Airlines reported that the company was the victim of a hacker attack on December 21, 2023. It took the company about a week to restore its systems and contain the threat.
The breach had a material impact on the company's fourth-quarter operations, resulting in a 15% decrease in revenue compared to Q4 2022.
The attack was launched by First American in New York. Department of Financial Services (DFS) $1 million as part of a settlement for a cybersecurity breach.
First American became the victim of the title insurance industry's second major cybersecurity incident in less than a month. Fidelity National Financial It was targeted in a ransomware attack that took its systems offline for several days, with the ransomware group AlphaV/BlackCat later claiming responsibility for the attack.
Mortgage Lenders and Servicers Mr. Cooper and LoanDepot The company also suffered a major attack that cost it millions of dollars.
