First American data leak is an all-you-can-eat buffet for escrow fraud

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First American Data Leak is a Recipe for Escrow Fraud May 31st, 2019 at 6:08am Real estate insurance giant First American Financial has verified that a "design defect" made it possible for anyone with nothing more than a web browser to access up to 885 million customer files dating back to 2003.

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First American data leak is an all-you-can-eat buffet for escrow fraud The smorgasbord of mortgage deal documents exposed in the First American data leak is a potential feast for scammers carrying out escrow fraud to rob homebuyers of their cash.

The First American data leak is certainly no Equifax scenario, in which cybercriminals actively targeted the credit agency and stole hundreds of millions of customer data to sell on the dark web. However, it is possible that the data, which sat exposed for an incredible 16 years, could have been harvested by bots slowly over time and used to carry out escrow fraud.

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