Major banks hit in vendor hack

A cyberattack on tech vendor SitusAMC may have exposed client data for JPMorgan Chase, Citi, Morgan Stanley, and others, the New York Times has reported. The November 12 breach affected corporate data including accounting documents and legal contracts. SitusAMC CEO Michael Franco said customer data may also have been impacted, but the breach did not disrupt operations and no encrypting malware was used. Law enforcement, including the FBI, was notified. FBI Director Kash Patel confirmed no impact on core banking services but investigations are ongoing to assess the full scope.