Tag: vendor risk
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Banks Grapple with Major Vendor Data Breach as FBI Investigates
Overview: A Widespread Vendor Breach Hits Major Banks In what authorities are calling a significant cybersecurity incident, a trusted vendor—used by hundreds of banks and financial institutions—suffered a compromise that could allow unauthorized access to sensitive customer data. The breach has prompted frantic risk assessments across the banking sector and triggered a federal investigation led…
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Bank Data Breach: FBI Probes Vendor Hack at SitusAMC
Overview: A Major Vendor, A Widespread Breach A sweeping data breach involving a third-party vendor has put the spotlight on the fragile links in the banking industry’s security chain. The incident, which surfaced over a weekend, centers on SitusAMC, a vendor whose software and services are used by hundreds of banks and financial institutions. The…