Source of this article and featured image is TechCrunch. Description and key fact are generated by Codevision AI system.
U.S. banks are urgently evaluating data loss after a cyberattack on SitusAMC, a New York-based financial technology firm. The breach, confirmed on November 12, involved hackers stealing corporate data, accounting records, and legal agreements from the company’s systems. SitusAMC, which serves over a thousand financial institutions, claims the incident is contained but emphasizes ongoing investigations into the attack’s scope. The FBI has acknowledged the breach, assuring that banking services remain unaffected. SitusAMC’s role as a middleman for financial clients handling sensitive data has raised concerns about potential impacts on thousands of customers.
Key facts
- A cyberattack on SitusAMC, a financial technology firm, compromised data linked to its banking clients.
- Hackers stole corporate records, legal agreements, and accounting data during the breach.
- SitusAMC notified major banks like JPMorgan Chase and Morgan Stanley about the incident.
- The FBI is investigating the breach, with no reported disruption to banking services.
- SitusAMC processes billions of loan-related documents annually, highlighting its critical role in financial compliance.
