Banks on High Alert After Major Data Breach

November 12: A cyberattack targets SitusAMC, a New York-based company handling real estate data for loans and mortgages.

November 15: SitusAMC alerts clients about potential breaches in account records and legal documents.

Current Status

• SitusAMC claims the issue is under control and services are back to normal.
• No ransomware was used in the attack.
• Investigation ongoing – unclear which banks or customers were affected.

Impacted Banks

• JPMorgan Chase and Citi notified but remain tight-lipped.
• FBI involved – no immediate threat to banking services reported.

Expert Insights

• Cyberattacks on banks are a growing concern.
• Weak security in one company can expose risks across the financial system.
• Collaboration between firms creates vulnerabilities.

Ongoing Investigation

• FBI is working to identify the hackers and secure the system.