"Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it had identified a data breach on November 12."
"It's unclear how much data was taken, or how many U.S. banking consumers may be affected by the breach. Companies like SitusAMC may not be widely known outside of the financial world, but provide the mechanisms and technologies for its banking and real estate customers to comply with state and federal rules and regulations. In its role as a middleman for financial clients, the company handles vast amounts of non-public banking information on behalf of its customers."
SitusAMC identified a data breach on November 12 after hackers accessed corporate data tied to banking customers and stole accounting records and legal agreements. The company stated the incident is contained and systems are operational. No encrypting malware was used, indicating the attackers focused on exfiltrating data rather than destruction. Notifications were reportedly sent to large banks including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC serves over a thousand commercial and real estate financiers and handles vast amounts of non-public banking information, processing billions of loan-related documents annually. The scope, amount of data taken, and number of affected consumers remain unclear.
Read at TechCrunch
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