SitusAMC, a financial service provider handling billions of loan-related documents annually for over 1,500 commercial and residential real-estate financiers, suffered a data breach on 12th November. Hackers infiltrated its systems and stole corporate data tied to banking customers' relationships, including accounting records and legal agreements. Major US banks like JPMorgan Chase, Citigroup, and Morgan Stanley were notified of potential exposure, though the full scope of compromised data remains under investigation. The breach was not a ransomware attack, as no encrypting malware was detected—indicating a focused effort on data exfiltration rather than system disruption. SitusAMC contained the incident, reset credentials, disabled remote access tools, and cooperated with law enforcement (including the FBI). The breach highlights vulnerabilities in third-party vendor dependencies, risking cascading exposure across financial institutions. While no operational impact on banking services was reported, the stolen data could include sensitive non-public information from lenders, investors, and mortgage servicers, posing reputational and financial risks to affected clients.