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05/28/2019
First American Financial Admits To Consumer Data Breach
PYMNTS.com
First American Financial, the real estate title insurance company, may have provided unauthorized access to the financial information of its customers.
According to a report in The Wall Street Journal citing First American Financial, the firm said a design defect in one of its applications may have exposed the data of its customers. The company said it hired an independent security forensic company to make sure there wasn’t access to sensitive customer data. “Therefore, the company took immediate action to address the situation and shut down external access to the application. We are currently evaluating what effect if any, this had on the security of customer information,” according to a statement from the firm. A spokesman for the real estate title company declined to tell The Wall Street Journal how many customers were impacted by the potential breach. First American Financial offers customers title insurance, settlement services and trust services both in the U.S. and internationally. It had revenue of $5.7 billion last year, reported the paper.
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