JPMorgan, Citi, Morgan Stanley client data may have been compromised
What's the story
A cyberattack on technology vendor SitusAMC may have exposed client data for major banks such as JPMorgan Chase, Citigroup and Morgan Stanley. The New York Times reported the potential breach citing sources familiar with the matter. SitusAMC confirmed in a statement on its website that it was hacked on November 12 and some information from its systems was compromised.
Breach details
SitusAMC confirms data breach, impact on client information
SitusAMC, a New York-based vendor for real estate lenders, has confirmed that the cyberattack may have affected data related to some of its clients' customers. The compromised information included corporate details linked to certain clients' transactions with the company. This could include sensitive documents such as accounting records and legal contracts.
CEO statement
SitusAMC's CEO addresses data breach incident
Michael Franco, the CEO of SitusAMC, said in a statement to The New York Times that they are focused on reviewing any potentially impacted data. He also confirmed that law enforcement has been notified about the incident. Despite the breach, Franco assured that no encrypting malware was involved and services are fully operational after containment of the incident.
FBI response
FBI director comments on potential impact of cyberattack
FBI Director Christopher Wray said in a statement to The New York Times that they are working closely with affected organizations and their partners to understand the extent of potential impact. However, he added that no operational impact on banking services has been identified so far. This suggests that while client data may have been compromised, the overall operations of these major banks remain unaffected by this incident.