A recent cyberattack on SitusAMC, a technology vendor for real estate lenders, has potentially exposed sensitive customer data from some of the nation’s largest banks, according to a report by The New York Times.
The breach, first detected on November 12, affected information related to residential loan mortgages, posing a significant threat given the personal data involved, such as Social Security numbers.
Among the affected banks are JPMorgan Chase (JPM), Citi (C), and Morgan Stanley (MS), all informed by SitusAMC about the possible data exposure. Although no banks have been hacked directly, the infiltration has raised alarms among financial institutions due to the vendor’s central role in originating and collecting funds for loans and mortgages.
SitusAMC CEO Michael Franco confirmed the cyberattack and indicated that law enforcement has been notified. The company, which holds contracts with numerous banks across the U.S., has been providing daily updates as it continues to assess the extent of the breach.
In response to the incident, the FBI is working closely with affected organizations.
The Times’ report highlights the magnitude of the data involved and the critical role SitusAMC plays in the commercial and residential real estate markets.