Banks, FBI Assessing Hack of Real Estate Finance Tech Vendor

Core Insights - A data breach at SitusAMC Group Holdings has raised concerns among major American banks and mortgage lenders regarding the potential impact on their operations [1][3] - The breach involved the compromise of client data, including accounting records and legal agreements, with the company stating that the situation is now contained [1][4] - The FBI is investigating the incident but has reported no operational impact on banking services [3] Company Summary - SitusAMC Group Holdings confirmed the hack on November 15 and began notifying its residential mortgage customers about the potential impact [3] - The CEO of SitusAMC stated that the breach is contained and the company is focused on analyzing affected data [4] Industry Impact - Major banks, including JPMorgan Chase and Citigroup, received notifications regarding the breach but have not disclosed specific details about their involvement [1][2] - The incident is being investigated by the FBI, indicating a broader concern within the financial services sector regarding third-party vendor security [3]