Cybersecurity Incident Affects Fidelity National Financial Services
In a recent disclosure, Fidelity National Financial (FNF) revealed a cybersecurity breach that affected some of its systems.
The incident that resulted in service disruptions of certain FNF businesses, was reported in regulatory filings (Form 8-K) with the US Securities and Exchange Commission (SEC) on November 19, 2023. The affected services included, title insurance, escrow, mortgage transactions and technology to the real estate and mortgage industries.
However, the incident did not impact its majority-owned subsidiary, F&G Annuities & Life, provider of insurance solutions.
In the 8-K filing, FNF stated that it launched a third-party cybersecurity expert-assisted investigation, upon discovering the attack. In addition to notifying the concerned law authorities, it also temporarily blocked certain systems to contain the incursion.
Without going into details about the attack, FNF stated that the ongoing investigation revealed ‘’an unauthorized third party accessed certain systems and acquired specific credentials’’. It is further trying to determine the impact of the incident and assess its material impact on the company.
It also reiterated its commitment to resolving this incident and ensuring restoration of normal business operations quickly and safely.
Meanwhile, on November 22, the notorious ransomware gang, AlphV/ Black Cat claimed credit for the attack, adding the company to its leak site.
The threat actor did not clearly mention whether it had stolen any data from the targeted victim’s network. It claimed to reveal the information at a later date, if FNF refused to fulfill the ransom demands.
This incident comes close on the heels of the attack on Mr. Cooper Group, one of the largest mortgage service providers in the US. The attack had prompted the firm to temporarily lock down its systems, disrupting its mortgage payment services.