Real-estate finance services giant SitusAMC breach exposes client data

Wiz

SitusAMC, a company that provides back-end services for top banks and lenders, disclosed on Saturday a data breach it had discovered earlier this month that impacted customer data.

As areal-estate (commercial and residential) financing firm, SitusAMChandles back-office operations in areas like mortgage origination, servicing, and compliance for banks and investors.

The company generates around $1 billion in annual revenue from 1,500 clients, some of whom are banking giants like Citi, Morgan Stanley, and JPMorgan Chase.

Wizreads the statement.

“Corporate data associated with certain of our clients’ relationship with SitusAMC such as accounting records and legal agreements has been impacted. Certain data relating to some of our clients’ customers may also have been impacted.” SitusAMC promised to provide further updates as the investigation progresses.

In a statement to BleepingComputer, the company CEO said that SitusAMC is fully operational and clients are contacted directly about the incident.

“We are in direct contact with our clients about this matter. We remain focused on analyzing any potentially affected data and will provide updates directly to our clients as our investigation progresses”- Michael Franco, SitusAMC CEO

While SitusAMC received a security alert related to the incident on November 12, the company determined three days later that it was a breach and started to inform its residential customers on November 16 that it was investigating the attack.

The company continued to deliver updates to these customers and contacted those impacted by the breach individually up to November 22, when it notified all its clients and confirmed that data was stolen in the attack.

Due to the complexity of operations and data involved, it is unclear how many customers areimpacted, and determining all of them will take a while.

BleepingComputer has contacted Citi, Morgan Stanley, and JPMorgan Chase to ask if SitusAMC notified them of a data breach and if their clients’ data was compromised. A comment was not immediately available from any of the organizations.

If you have any information regarding this incident or any other undisclosed attacks, you can contact us confidentially via Signal at646-961-3731or at[emailprotected].


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