US Banks Scramble To Assess Data Theft After Hackers Breach Financial Tech Firm (techcrunch.com)
(Tuesday November 25, 2025 @05:40PM (BeauHD)
from the another-day-another-breach dept.)
- Reference: 0180209507
- News link: https://news.slashdot.org/story/25/11/25/2138249/us-banks-scramble-to-assess-data-theft-after-hackers-breach-financial-tech-firm
- Source link: https://techcrunch.com/2025/11/24/us-banks-scramble-to-assess-data-theft-after-hackers-breach-financial-tech-firm/
An anonymous reader quotes a report from TechCrunch:
> Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was [1]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, [2]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" during the cyberattack.
>
> The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to [3]Bloomberg and [4]CNN , citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website.
>
> 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. According to SitusAMC's website, the company processes billions of documents related to loans annually.
[1] https://techcrunch.com/2025/11/24/us-banks-scramble-to-assess-data-theft-after-hackers-breach-financial-tech-firm/
[2] https://www.situsamc.com/databreach
[3] https://www.bloomberg.com/news/articles/2025-11-23/banks-fbi-assessing-hack-of-real-estate-finance-tech-vendor?srnd=phx-technology-cybersecurity
[4] https://www.cnn.com/2025/11/23/business/situsamc-hack-wall-street-banks
> Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was [1]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, [2]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" during the cyberattack.
>
> The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to [3]Bloomberg and [4]CNN , citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website.
>
> 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. According to SitusAMC's website, the company processes billions of documents related to loans annually.
[1] https://techcrunch.com/2025/11/24/us-banks-scramble-to-assess-data-theft-after-hackers-breach-financial-tech-firm/
[2] https://www.situsamc.com/databreach
[3] https://www.bloomberg.com/news/articles/2025-11-23/banks-fbi-assessing-hack-of-real-estate-finance-tech-vendor?srnd=phx-technology-cybersecurity
[4] https://www.cnn.com/2025/11/23/business/situsamc-hack-wall-street-banks
Mr Robot? (Score:1)
by blue trane ( 110704 )
What if they erased everyone's debt, and the Fed immediately gave everyone (including bankrupt bankers) a generous basic income indexed to inflation, so even if stocks crashed the real economy could continue to function?
Re: (Score:2)
by NotEmmanuelGoldstein ( 6423622 )
> ... erased everyone's debt ...
The USA tried this: Too many people whinged "I paid my bills, why did I suffer when no-one else has to: It's not fair". Meaning, a 'world owes me' selfishness for historical grievances is more important than helping children.
Or to be accurate, the government cowered instead of declaring that investing in the future was more important than band-aids on the past.
Free Credit Report for You (Score:3)
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