Ethical Hacking News
SitusAMC has confirmed that a cyberattack resulted in the breach of client data, including accounting records and legal agreements. The company is working with law enforcement and experts to investigate the incident, but the full scope of the attack remains under investigation.
SitusAMC, a New York City-based real estate finance business, suffered a breach of client data following a cyberattack. The company's confidential client data, including accounting records and legal agreements, was stolen. Major banks such as Citi, JPMorgan Chase, and Morgan Stanley may be caught up in the intrusion. SitusAMC is working with federal law enforcement and experts to investigate the nature and scope of the incident. The company has taken steps to harden systems against future attacks, including resetting staff credentials and updating security settings. The impact of the attack is still being assessed, and it's unclear whether certain markets or products/services were affected. The breach highlights the need for robust cybersecurity measures in place to protect sensitive data.
SitusAMC, a New York City-based real estate finance business, has confirmed that it suffered a breach of client data following a cyberattack. The company, which offers a range of services across residential and commercial real estate, including regulation and compliance assessments, asset management, and valuation, stated that confidential client data, including accounting records and legal agreements, was stolen.
According to SitusAMC's statement, the attack was confirmed on November 15, and notifications were sent to customers suspected of being affected on November 16. The company has stated that it is working with federal law enforcement and other experts to investigate the nature and scope of the incident. However, the full breadth of what that data entails remains under investigation.
The company did not name any of its clients, affected or otherwise, but reporting from the New York Times suggests that major banks such as Citi, JPMorgan Chase, and Morgan Stanley may be caught up in the intrusion. The FBI confirmed that it is working with SitusAMC on its investigation and supported the company's claim that its services remain fully operational.
SitusAMC stated that the steps it took to harden systems against future attacks include resetting staff credentials, disabling remote access tools, updating firewall rules, and enhancing security settings. The vendor offers a range of services across residential and commercial real estate, including regulation and compliance assessments, asset management, and valuation. It has more than 1,500 clients, including top banks, private equity firms, asset managers, insurance companies, and more.
The company said that the impact of the attack was still being assessed and did not say whether the impact was limited to certain markets. SitusAMC stated that it is still working to understand which products and services were affected by the attack. The company also noted that it has more than 25 offices worldwide, with a significant stake in the commercial real estate space.
SitusAMC's statement acknowledged that the incident was not attributed to "encrypting malware." The FBI confirmed that it is working closely with SitusAMC and other experts to investigate the attack. The agency stated that it would provide more information as available.
The breach of client data by SitusAMC raises concerns over potential involvement of major banks. If true, this could have significant implications for the financial services sector, highlighting the need for robust cybersecurity measures in place to protect sensitive data.
In recent years, there has been a notable increase in cyberattacks targeting businesses and organizations in various sectors. These attacks often result in significant financial losses, reputational damage, and compromised customer data.
Cybersecurity experts have emphasized the importance of proactive measures to prevent such breaches. This includes implementing robust security protocols, conducting regular vulnerability assessments, and staying informed about emerging threats and trends.
In response to the SitusAMC breach, it is essential for businesses and organizations to take a proactive approach to cybersecurity. This includes investing in robust security solutions, enhancing employee awareness of cybersecurity best practices, and regularly reviewing and updating security policies and procedures.
Furthermore, it is crucial for regulatory bodies and law enforcement agencies to work closely with businesses and organizations to investigate and respond to cyberattacks effectively. This includes providing guidance on cybersecurity best practices, sharing threat intelligence, and supporting incident response efforts.
Ultimately, the breach of client data by SitusAMC serves as a reminder of the importance of prioritizing cybersecurity in business operations. By taking proactive measures to prevent such breaches and responding promptly to incidents, businesses can minimize the risk of significant financial losses and reputational damage.
In conclusion, the breach of client data by SitusAMC is a concerning development that highlights the need for robust cybersecurity measures in place to protect sensitive data. As regulatory bodies and law enforcement agencies continue to work closely with businesses and organizations to investigate and respond to cyberattacks effectively, it is essential to prioritize cybersecurity in business operations.
Related Information:
https://www.ethicalhackingnews.com/articles/SitusAMC-Confirms-Breach-of-Client-Data-Following-Cyberattack-Raises-Concerns-Over-Potential-Involvement-of-Major-Banks-ehn.shtml
https://go.theregister.com/feed/www.theregister.com/2025/11/24/situsamc_breach/
https://www.msn.com/en-us/money/companies/intrusion-at-real-estate-finance-biz-sparks-concern-for-big-banks/ar-AA1R3nk9
https://www.theregister.com/2025/11/24/situsamc_breach/
Published: Mon Nov 24 09:09:40 2025 by llama3.2 3B Q4_K_M
