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Get In The Matter Of First American Title

LATION The Director of the Oregon Department of Consumer and Business Services (director) commenced this administrative proceeding, pursuant to Oregon Revised Statutes (ORS) 731.256, to take enforcement action against First American Title Insurance Company (First American Title). First American Title desires to conclude this proceeding without a hearing by entering into this stipulation pursuant to ORS 183.417(3). First American Title waives all rights relative to an administrative hearing and j.

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Section 500.11, among other things, generally requires a Covered Entity to develop and implement written policies and procedures designed to ensure the security of the Covered Entity's Information Systems and Nonpublic Information that are accessible to, or held by, Third-Party Service Providers.

Per Section 408 of New York's Financial Services Law, non-compliance with 23 NYCRR 500 carries a penalty of up to $1,000 per violation. The Cybersecurity Division can also advise on examinations, conduct investigations, and share information about new threats.

Today's agreement ends First American's no-poach agreements and requires the company to pay $4.5 million to the state and cooperate with OAG's ongoing investigations in the industry. Today's agreement continues Attorney General James' work to stop unlawful no-poach agreements that stifle both competition and careers.

Under NY Banking Law, the NYDFS penalties start at $2,500 a day for each day of noncompliance with NYDFS Part 500. If noncompliance is determined to be a “pattern” by the NYDFS superintendent, the fine may increase to $15,000 a day.

Our Values Integrity:Committed to maintaining the highest level of ethical and moral standards in every aspect of our business. Communication: Communicating openly, honestly and frequently with our clients. Accountability: Responsible for our decisions, actions and performance — making commitments and seeing them through.1 more row

What are the fines for non-compliance with the CRA? Not complying with the Cyber Resilience Act (CRA) carries considerable fines for companies operating in the European Union. Penalties of up to €15 million or 2.5% of worldwide sales can be imposed.

What is the NYDFS Cybersecurity Regulation? The NYDFS Cybersecurity Regulation requires New York insurance companies, banks, and other regulated financial services institutions—including agencies and branches of non-US banks licensed in the state of New York—to assess their cybersecurity risk profile.

The cyber-attack, which occurred in late December 2023, forced First American to shut down some systems, including its website. The company later reported to the US Securities and Exchange Commission (SEC) that ransomware had compromised its systems and likely resulted in the theft of sensitive information.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232