Major banks, including JPMorgan and Citi, warned of data exposure after hack, NYT reports
Core Point - SitusAMC, a technology vendor for real estate lenders, experienced a cyberattack on November 12, as reported by the New York Times [1] Company Summary - SitusAMC provides technology solutions specifically tailored for real estate lenders [1] - The cyberattack incident highlights potential vulnerabilities within technology vendors servicing the real estate sector [1] Industry Summary - The incident raises concerns about cybersecurity risks in the real estate lending industry, emphasizing the need for enhanced security measures [1] - As technology becomes increasingly integrated into real estate financing, the implications of such cyberattacks could affect trust and operational stability within the industry [1]