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First American offers assurances on funds following recent cyberattack

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First American previously announced on its website that its email system had been taken offline and warned its consumers about emails that were falsely claiming to be from First American, First American Title, or from FirstAm.com.

This followed First American’s filing of regulatory documents with the SEC which notified the agency about the cyberattack.

“The company is working diligently to restore those systems and resume normal operations as soon as possible but cannot estimate the duration or extent of the disruption at this time,” the firm said.

It added that it was retaining leading experts as well as working with law enforcement and notifying regulatory authorities.

First American has yet to state if the incident was a ransomware attack. The 8-K filing with the SEC said that the firm recently identified unauthorized activity on certain systems and isolated systems from the internet.

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