US Banks Scramble To Assess Data Theft After Hackers Breach Financial Tech Firm (techcrunch.com) 11
An anonymous reader quotes a report from TechCrunch: Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it had identified a data breach on November 12. The company said that unspecified hackers had stolen corporate data associated with its banking customers' relationship with SitusAMC, as well as "accounting records and legal agreements" during the cyberattack.
The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to Bloomberg and CNN, citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website.
It's unclear how much data was taken, or how many U.S. banking consumers may be affected by the breach. Companies like SitusAMC may not be widely known outside of the financial world, but provide the mechanisms and technologies for its banking and real estate customers to comply with state and federal rules and regulations. In its role as a middleman for financial clients, the company handles vast amounts of non-public banking information on behalf of its customers. According to SitusAMC's website, the company processes billions of documents related to loans annually.
The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to Bloomberg and CNN, citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website.
It's unclear how much data was taken, or how many U.S. banking consumers may be affected by the breach. Companies like SitusAMC may not be widely known outside of the financial world, but provide the mechanisms and technologies for its banking and real estate customers to comply with state and federal rules and regulations. In its role as a middleman for financial clients, the company handles vast amounts of non-public banking information on behalf of its customers. According to SitusAMC's website, the company processes billions of documents related to loans annually.
Free Credit Report for You (Score:5, Insightful)
Re: (Score:2)
Yep. Sorry for your loss of funds and all the hassles of defending against identity theft and proving that it wasn't you, over and over and over again. For years.
Anyway, our revenues are up!
Re: (Score:2)
The USA tried this: Too many people whinged "I paid my bills, why did I suffer when no-one else has to: It's not fair". Meaning, a 'world owes me' selfishness for historical grievances is more important than helping children.
Or to be accurate, the government cowered instead of declaring that investing in the future was more important than band-aids on the past.
Re: (Score:2)
... Too many people whinged "I paid my bills, why did I suffer when no-one else has to: It's not fair" ...
Also one of the more common anti-universal-healthcare arguments I encounter among "conservatives." Not a rational, budget-based argument against it. Nope. "I paid into Medicare all my life, and now they want to make it free to everyone?! It's not fair!"
Re: Mr Robot? (Score:1)
What if you offered to reimburse them?
If you take away all their zero-sum arguments will they complain that you're causing mental stress due to bringing painful cognitive dissonance to consciousness?
And will you meekly agree with them?
Re: Mr Robot? (Score:1)
Why can't the money come from the same unlimited store the Fed took bailouts from in 2008 and 2020?
If you index everything to inflation, can you experience real gains in standard of living along with nominally high inflation, as Israel did for decades?
Go figure (Score:5, Interesting)
None of the articles linked to here and elsewhere mention, how the hackers got in. Their career page gives it away, though: offshored part of the company running Microsoft Windows server infrastructure.
Imagine my consternation ...
Round and round, Third party vendors again! (Score:2)