SEC First American Financial Corporation Settlement for Rule 13a-15a Violation

 SEC First American Financial Corporation Settlement for Rule 13a-15a Violation

On June 15, 2021, the SEC announced it settled charges against real estate services company First American Financial Corporation (“First American”) for alleged violation of Rule 13a-15(a) of the Exchange Act. The SEC charged First American with failure to maintain disclosure controls and procedures designed to ensure that all available, relevant information concerning a software vulnerability that led to a cybersecurity incident was filed with the Commission.

On May 24, 2019, a cybersecurity journalist notified First American of a vulnerability in its document transmission software that had exposed over 800 million title and…

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