US Banks Scramble: Data Theft Fears After Fintech Breach

US Banks Scramble: Data Theft Fears After Fintech Breach

Why US Banks Scramble to Assess Data Theft US banks scramble to assess data theft after hackers breach financial tech firm, sparking widespread concern about how much sensitive customer data may have been exposed. Many readers are asking what happened, who was affected, and whether their financial information is at risk. Early reports indicate that a New York–based financial tech provider handling billions of loan documents each year suffered a targeted data exfiltration attack, prompting major banking giants to review potential impacts. Image Credits:Getty Images What Happened After Hackers Breached the Financial Tech Firm? The breach involved hackers stealing corporate data, accounting documents, and legal agreements tied to major U.S. lenders. Although no ransomware was used, investigators say the attackers focused solely on quietly extracting data. Banks partnering with the affected fintech firm—reportedly including JPMorgan Chase, Citigroup, and Morgan Stanley—are now analyzing wheth…