US banks scramble to assess data theft after hackers breach financial tech firm
20 hours ago
- #banking
- #cybersecurity
- #data-breach
- U.S. banking giants and mortgage lenders are assessing data stolen in a cyberattack on SitusAMC.
- SitusAMC, a financial tech company, confirmed a data breach on November 12, affecting commercial and real estate financiers.
- Hackers stole corporate data, accounting records, and legal agreements, but no encrypting malware was used.
- SitusAMC notified financial institutions like JPMorgan Chase, Citigroup, and Morgan Stanley about the breach.
- The scope of the breach is still under investigation, but systems are now operational.
- SitusAMC handles vast amounts of non-public banking information and processes billions of loan documents annually.
- The FBI is aware of the breach but reports no operational impact to banking services.
- Affected banks and financial institutions are urged to contact the reporter securely via Signal.