US banks scramble to assess data theft after hackers breach financial tech firm

Several U.S. banking giants and owe lenders are reportedly scrambling to measure however overmuch of their customers’ information was stolen during a cyberattack connected a New York fiscal exertion institution earlier this month.

SitusAMC, which provides exertion for implicit a 1000 commercialized and existent property financiers, confirmed successful a connection implicit the play that it had identified a information breach connected November 12.

The institution said that unspecified hackers had stolen firm information associated with its banking customers’ narration with SitusAMC, arsenic good arsenic “accounting records and ineligible agreements” during the cyberattack.

The connection added that the scope and quality of the cyberattack “remains nether investigation.” SitusAMC said that the incidental is “now contained,” and that its systems are operational. The institution said that nary encrypting malware was used, suggesting that the hackers were focused connected exfiltrating information from the company’s systems alternatively than causing destruction.

According to Bloomberg and CNN, citing sources, SitusAMC sent information breach notifications to respective fiscal giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC besides counts pension funds and authorities governments arsenic customers, according to its website.

It’s unclear however overmuch information was taken, oregon however galore U.S. banking consumers whitethorn beryllium affected by the breach. Companies similar SitusAMC whitethorn not beryllium wide known extracurricular of the fiscal world, but supply the mechanisms and technologies for its banking and existent property customers to comply with authorities and national rules and regulations. In its relation arsenic a middleman for fiscal clients, the institution handles immense amounts of non-public banking accusation connected behalf of its customers.

According to SitusAMC’s website, the institution processes billions of documents related to loans annually.

When reached by TechCrunch, Citi spokesperson Patricia Tuma declined to remark connected the breach. Tuma would not accidental if the slope has received immoderate communications from the hackers, specified arsenic a request for money.

Representatives for JPMorgan Chase, and Morgan Stanley did not instantly respond to a petition for remark Monday. SitusAMC main enforcement Michael Franco besides did not respond to our email erstwhile contacted for remark Monday.

The FBI is investigating the breach astatine SitusAMC. A spokesperson for the FBI did not respond to a petition for remark extracurricular of U.S. concern hours.