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SEC Launches Probe of First American Security Lapse: Report

First American is under investigation by the Securities and Exchange Commission over a cybersecurity lapse on its website that potentially exposed more than 885 million mortgage-related records dating to 2013. So reports cybersecurity blog Krebs on Security, which also broke the news of the data exposure.

Seattle-based real estate developer Ben Shoval reportedly notified Krebs that the SEC had sent him a letter saying the agency was looking into the lapse to see if First American had run afoul of securities laws. “This investigation is a non-public, fact-finding inquiry,” the letter is quoted as saying. “The investigation does not mean that we have concluded that anyone has violated the law.”

The vulnerability, uncovered earlier this year, made it possible for anyone with a URL for a valid document to access other people’s bank account numbers, mortgage records, Social Security numbers, tax records and other sensitive documents.

Read the full blog post from Krebs on Security.

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