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Banks work to assess fallout after SitusAMC cyberattack, NY Times says

JPMorgan Chase (JPM), Citi (C) and Morgan Stanley (MS) are working to assess the fallout from a large-scale hack of a vendor that may have exposed sensitive customer data, Rob Copel, Stacy Cowley, and Devlin Barrett of The New York Times reports. SitusAMC, which has been deployed by hundreds of banks and other lenders to help originate and collect money from mortgages and real estates, confirmed it was subject to a cyberattack on November 12. The data exposed was related to residential loan mortgages, with JPMorgan, Citi, and Morgan Stanley among the companies notified that their client data may have been taken, the journal’s sources added.

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