US banks scramble to assess data theft after hackers breach financial tech firm

SitusAMC, a New York-based fintech servicing over a thousand commercial and real-estate finance clients, disclosed a data breach on November 12 in which unspecified hackers stole corporate data, accounting records, and legal agreements. The company says the incident is contained, systems remain operational, and no encrypting malware was used, while several major banks were notified and the FBI is investigating.