- SitusAMC suffered a breach that exposed both company and client data
- The attack was a smash-and-grab, not ransomware; The FBI is alert and the investigation is ongoing
- Affected customers may include major banks and mortgage lenders, although details and perpetrators remain undisclosed
A global firm that provides consulting, technology and outsourced services to some of the largest banks and mortgage lenders in the US has suffered a data breach that saw hackers steal some of its sensitive data, as well as the details it held on behalf of its clients.
SitusAMC provides a full suite of services to support the full lifecycle of commercial and residential real estate financing, from loan origination and underwriting, to portfolio management, servicing and valuation of debt and equity assets.
Its clients include major banks, private equity firms, asset managers, mortgage originators and servicers, CMBS/RMBS issuers, insurance companies and institutional investors. Some of the biggest names include UBS Realty Investors, JPMorgan Chase, Hines, Citigroup and Morgan Stanley.
The FBI was notified
In a brief statement published on its website, SitusAMC said the stolen data belongs to both itself and its clients:
“Corporate data associated with certain of our customers’ relationships with SitusAMC, such as financial statements and legal agreements have been affected. Certain data relating to some of our customers’ customers may also have been affected,” it said, adding that the investigation is still ongoing and that third-party cybersecurity experts have been brought in to assist.
Law enforcement was also notified, the company stressed, adding that this was not a ransomware attack, but rather a simple data smash-and-grab.
We do not know how many of SitusAMC clients are affected by this attack or what kind of information was stolen. When reached by media representatives, most banks either declined to comment or simply did not respond to media inquiries. No threat actor has yet claimed responsibility for the attack.
Via TechCrunch
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