First American Financial Corporation, the second-largest title insurance company in the United States, revealed Tuesday that a December cyberattack led to a breach impacting 44,000 individuals.
Founded in 1889, it provides financial and settlement services to real estate professionals, home buyers, and sellers involved in residential and commercial property transactions.
The California-based company has over 21,000 employees and reported a total revenue of $6 billion last year.
As the financial services company shared in a statement published on December 21 providing very few details regarding the nature of the incident, First American was forced to take some of its systems offline today to contain the impact of a cyberattack.
Five months later, on May 28, the title insurance provider disclosed in a filing with the U.S. Securities and Exchange Commission that an investigation into the incident found the attackers gained access to some of its systems and were able to access sensitive data.
On November 28, the company also agreed to pay a $1 million penalty to New York State for violating its cybersecurity regulations after exposing personal and financial data in a May 2019 security breach.
The company also had to take down some of its systems to contain the attack, leading to varying levels of disruption to its business operations.
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This Cyber News was published on www.bleepingcomputer.com. Publication date: Tue, 28 May 2024 22:25:09 +0000