US banks scramble to assess data theft after hackers breach financial tech firm

Core Insights - A cyberattack on SitusAMC, a financial technology company, resulted in the theft of corporate data related to its banking customers, including accounting records and legal agreements [1][2] - The incident, which occurred on November 12, is currently under investigation, but SitusAMC has stated that the situation is contained and its systems are operational [3] - The extent of the data breach and the number of affected U.S. banking consumers remain unclear, although SitusAMC processes billions of documents related to loans annually [5][6] Company Impact - SitusAMC provides technology solutions for over a thousand commercial and real estate financiers, playing a crucial role in helping clients comply with regulatory requirements [1][5] - Major financial institutions such as JPMorgan Chase, Citigroup, and Morgan Stanley have been notified of the breach, indicating the potential widespread impact on the financial sector [4] - The FBI is aware of the breach and is committed to identifying those responsible while ensuring the security of critical infrastructure [8]