SitusAMC Data Breach Alert Brings Pair of Proposed Class Actions

SitusAMC Holdings Corp. is facing two proposed class action after it notified the public that a cyberattack may have exposed some of the accounting records and legal agreements the technology vendor had with clients.

The real estate finance industry tech provider says that it’s trusted by banks, private equity firms, and asset managers, among others, to provide commercial and residential market services. The plaintiffs—residents from California and South Carolina—told the US District Court for the Southern District of New York on Monday that their private, unencrypted, and unredacted information was taken, but that SitusAMC failed to provide sufficient detail about ...