Ethical Hacking News
Real-Estate Finance Giant SitusAMC Exposes Client Data in Significant Breach
SitusAMC has disclosed a data breach that exposed corporate data associated with certain clients, as well as data relating to some of its clients' customers. The breach is currently under investigation and raises concerns about the security of sensitive client information.
SitusAMC has disclosed a significant data breach that exposed sensitive client information. The breach, discovered on November 12, 2025, compromised corporate data associated with certain clients' relationships and customer data. The company's response to the breach has been met with skepticism by some due to concerns about transparency and security risks. SitusAMC generates $1 billion in annual revenue from 1,500 clients, including major banking giants. The incident highlights the importance of robust cybersecurity measures and prioritizing sensitive data security.
SitusAMC, a leading real-estate finance services giant, has disclosed a significant data breach that has exposed sensitive client information. The breach, which was discovered on November 12, 2025, resulted in the compromise of corporate data associated with certain of SitusAMC's clients' relationship with the company, as well as data relating to some of its clients' customers.
The breach, which is currently under investigation by external experts, has left many questions unanswered. While SitusAMC has stated that business operations have not been affected and no encrypting malware was deployed on its systems, it remains unclear how many customers are impacted and determining all of them will take time.
SitusAMC generates around $1 billion in annual revenue from 1,500 clients, some of whom are major banking giants like Citi, Morgan Stanley, and JPMorgan Chase. The company's breach has raised concerns about the security of sensitive client information and the potential risks associated with handling such data.
The incident began when SitusAMC received a security alert on November 12, 2025, which led to the discovery of the breach three days later. The company immediately launched an investigation and notified its residential customers on November 16 that it was investigating the attack. Since then, SitusAMC has 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.
While SitusAMC's CEO, Michael Franco, has assured clients that the company is fully operational and is in direct contact with its clients about the incident, many questions remain unanswered. The company's response to the breach has been met with skepticism by some, who have expressed concerns about the lack of transparency and the potential risks associated with handling sensitive client information.
The breach highlights the importance of robust cybersecurity measures and the need for companies to prioritize the security of sensitive data. As SitusAMC continues to investigate the incident and notify impacted clients, it is clear that this breach will have significant implications for the company's reputation and its relationships with its clients.
In a statement to BleepingComputer, Michael Franco, SitusAMC CEO said "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". While the company's response is reassuring, many questions remain unanswered, and it remains to be seen how SitusAMC will address the breach and ensure the security of its clients' sensitive information.
The incident serves as a reminder of the importance of robust cybersecurity measures and the need for companies to prioritize the security of sensitive data. As the real-estate finance industry continues to evolve, it is clear that companies like SitusAMC must prioritize the security of their clients' sensitive information in order to maintain trust and reputation.
Related Information:
https://www.ethicalhackingnews.com/articles/SitusAMC-Data-Breach-Real-Estate-Finance-Giant-Exposes-Client-Data-ehn.shtml
https://www.bleepingcomputer.com/news/security/real-estate-finance-services-giant-situsamc-breach-exposes-client-data/
https://www.theregister.com/2025/11/24/situsamc_breach/
https://cybernews.com/security/situsamc-vendor-breach-wall-street-attack/
Published: Mon Nov 24 11:40:40 2025 by llama3.2 3B Q4_K_M
