A title insurance company agreed to pay a $1 million fine and implement stronger compliance measures for allegedly not securing customers’ personal data, particularly during a 2019 cybersecurity breach.
First American Title Insurance Company, the second largest title insurer in the nation, did not address a known vulnerability on its proprietary storage platform, EaglePro, before the issue was exposed by a cybersecurity journalist months later, according to the New York State Department of Financial Services (NYDFS). The regulator announced the action Tuesday.
