Security Lapse at First American Exposes Data of 44,000 Clients

It has been reported that First American Financial Corporation, one of the largest title insurance companies in the United States, was compromised in December when the company’s computer systems were taken down due to a cyberattack that compromised the information of almost 44,000 individuals. Since its founding in 1889, this organization has been providing financial and settlement services to real estate professionals, buyers, and sellers involved in the purchasing and selling of residential and commercial properties. According to the company’s report, it generated $6 billion in revenue last year, resulting in over 21,000 employees. 

First American Financial Services announced on December 21 that it had taken some of its systems offline today to contain the impact of a cyberattack, as the financial services company provided little information as to the nature of the attack in a statement provided in the statement. After identifying unauthorized activity on its network, the financial services firm initially revealed that certain systems were taken offline to contain the incident, when it was notified by the firm on December 21 that the incident had occurred. 

First American announced the following day that they had taken their email systems offline as well and that First American Title and FirstAm.com subsidiaries had also been affected by the same. Almost a week later, on January 8, 2024, the financial services firm announced that it was starting to restore some of its syst

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