Hack Threatens Client Data at JPMorgan, Citi, and Morgan Stanley
According to a report, client data from JPMorgan Chase, Citi, Morgan Stanley, and other prominent banks may have been compromised in a breach involving a technology vendor, as stated by sources. SitusAMC announced that it experienced a cyberattack on November 12, which compromised certain information from its systems. The company stated, “data relating to some of our clients’ customers may also have been impacted.” The New York-based vendor catering to real estate lenders has refrained from disclosing the identities of its impacted clients. JPMorgan Chase, Citi, and Morgan Stanley have yet to provide a response to Reuters’ inquiries for comment.
SitusAMC reported that the compromised data encompassed corporate information related to certain clients’ interactions with the firm, including materials such as accounting documents and legal contracts. Citi’s resurgence on Makret positions Vis Raghavan as a strong candidate for CEO. “We remain focused on analyzing any potentially affected data,” said Michael Franco in a statement, adding that the company had notified law enforcement. Kash Patel stated, as per reports: “While we are working closely with affected organizations and our partners to understand the extent of potential impact, we have identified no operational impact to banking services.”
The statement from SitusAMC confirmed that the incident has been contained and that services are back to full operation, noting that no encrypting malware was part of the situation. The emphasis from the company was on continued analysis of potentially affected data and cooperation with law enforcement to understand the scope of the breach. The real estate technology vendor’s role in providing services to major banking clients has raised concerns about third-party vulnerabilities within the financial sector, especially when confidential documents such as legal contracts and accounting files are involved.
The breach has prompted renewed scrutiny regarding cybersecurity preparedness among firms supplying critical technology infrastructure to large financial institutions. As JPMorgan Chase, Citi, and Morgan Stanley evaluate whether their customer data was impacted, the incident underscores the risks associated with outsourcing essential operations to external vendors. With the FBI continuing to assess the situation alongside affected organizations, the event highlights the importance of robust security protocols, rapid response measures, and transparent communication in safeguarding sensitive financial data.
