Major U.S. Banks Assess Data Theft After Cyberattack on Financial Tech Firm SitusAMC
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Summary
U.S. banking giants including JPMorgan Chase, Citi, and Morgan Stanley are assessing the extent of customer data theft following a cyberattack on financial technology firm SitusAMC. The New York-based company, which provides technology services to over a thousand commercial and real estate financiers, confirmed a data breach on November 12 where hackers stole corporate data related to banking customers' relationships with SitusAMC, as well as accounting records and legal agreements.
Key quotes
· 3 pulledSeveral 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.
The company said that unspecified hackers had stolen corporate data associated with its banking customers' relationship with SitusAMC, as well as 'accounting records and legal agreements'.
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