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SitusAMC Breach Triggers Bank Reviews After Client Data Theft Confirmed

Authorities report no impact to banking operations despite confirmed data exfiltration.

Overview

  • SitusAMC says a November 12 intrusion led to the theft of corporate data including accounting records and legal agreements tied to client relationships.
  • The company reports the incident is contained with services fully operational, and it confirms no encrypting malware was used.
  • Notifications went to major clients, with reporting indicating JPMorgan Chase, Citigroup and Morgan Stanley were told that their data may be affected.
  • The FBI is investigating and has so far identified no operational disruption to banking services, while the scope and responsible actors remain under review.
  • SitusAMC, which serves roughly 1,500 financial and real-estate clients, is working with third-party advisers as banks assess potential exposure, and JPMorgan says it was not directly hacked.