Defendant Name: First American Financial Corporation

Defendant Type: Public Company

Document Reference: 2021-102

Document Details

Legal Case Name In the Matter of First American Financial Corporation
Document Name SEC Charges Issuer With Cybersecurity Disclosure Controls Failures
Document Date 15-Jun-2021
Document Format Administrative Proceeding
File Number 3-20367
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC "announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $487,616.00 Shared:    

Related Documents:

34-92176 14-Jun-2021 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-and-Desist Order
On June 14, 2021, the SEC instituted settled cease-and-desist proceedings against First American Financial Corporation stating: "This matter concerns real estate settlement services provider First American’s disclosure controls and procedures violations related to disclosures made in connection with a cybersecurity vulnerability involving the company’s “EaglePro” application for sharing document images related to title and escrow transactions. First American failed to maintain disclosure controls and procedures designed to ensure that all available relevant information concerning the vulnerability was analyzed for disclosure in the company’s reports with the Commission."