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SitusAMC data breach: What happened and why it matters

Technology

SitusAMC, a technology vendor for real estate financiers, including major American banks and mortgage lenders, recently revealed a cyberattack discovered on November 12.
Hackers got access to sensitive info like accounting records and legal agreements.
The company says the breach is now contained (and did not involve encrypting malware), but they're still digging into what was taken with help from outside experts and the FBI.

Banks on alert, bigger questions raised

Big names like JPMorgan Chase and Citigroup have been notified but haven't said how much they're affected.
The FBI reassured everyone that banking services are running normally.
This incident is another reminder of how even big financial players can be vulnerable when they rely on third-party tech partners—something worth thinking about as cyberattacks keep getting smarter.