Making sure your business is protected from cyber threats can be a daunting task to take on.
With so many factors involved, it can be difficult to know where to start. At Drawbridge, we have all the tools to keep you protected from cyber threats and keep your company’s data safe. With services like Cybersecurity Training, Vulnerability Management and much more, Drawbridge is fully equipped and ready to help you keep your business secure.
Cyberthreats are everywhere, and no business, organization or firm is an exception to these risks, no matter how big or small. In recent news, one of the largest mortgage lenders in the country, First American, has been charged by the Securities and Exchange Commission (SEC) for inadequate cybersecurity practices.
First American failed to protect the personal information of its customers, or inform customers of the extent of a serious data breach the mortgage lender withstood. Its failure to mitigate the breach and take appropriate measures to keep customers informed and follow proper incident response is what put First American in the line of fire.
According to an report by Illinois News Today, “First American issued a statement in response to the leak the same day it was notified of the leak, but according to the SEC, that alone was not a sufficient response plan. According to official orders, the company’s senior management has learned that information security personnel haven’t identified the leak a few months ago and haven’t fixed the problem, made a response plan, or informed anyone. It wasn’t done. The SEC claimed that this inadequate cyber incident response put personal information at risk.”
According to a press release by SEC, on account of the Exchange Law Rule 13a, First American agreed to pay a cease and desist order and a $487,616 fine. First American did not confirm or deny the SEC’s findings, but complied with the settlement agreement.
Understanding cyber threats and mishaps like the one above and knowing the best method of action to protect against them isn’t always easy. Drawbridge is ready and willing to assess your situation, adapt your current cybersecurity strategy, and customize our approach to protect you most effectively.
