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First American Settles With SEC Over Data Leak

Saturday, Jun 26 2021
Lending
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First American Financial has resolved SEC allegations stemming from the 2019 discovery of a cybersecurity flaw that exposed customer data. So reports Corporate Secretary.

first american 100x100The title insurance company, which didn’t admit or deny wrongdoing, agreed to pay a $487,616 penalty.

The SEC said First American lacked disclosure controls and procedures to ensure senior management had key information before the company made disclosures about the flaw in filings with the agency.

Read the full article from Corporate Secretary.

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