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25 Nov 2025

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US Banks Scramble To Assess Data Theft After Hackers Breach Financial Tech Firm

An anonymous reader quotes a report from TechCrunch: Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it had identified a data breach on November 12. The company said that unspecified hackers had stolen corporate data associated with its banking customers' relationship with SitusAMC, as well as "accounting records and legal agreements" during the cyberattack. The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to Bloomberg and CNN, citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website. It's unclear how much data was taken, or how many U.S. banking consumers may be affected by the breach. Companies like SitusAMC may not be widely known outside of the financial world, but provide the mechanisms and technologies for its banking and real estate customers to comply with state and federal rules and regulations. In its role as a middleman for financial clients, the company handles vast amounts of non-public banking information on behalf of its customers. According to SitusAMC's website, the company processes billions of documents related to loans annually.

Ars Technica

Plex’s crackdown on free remote streaming access starts this week

Roku users will be hit first.

25 Nov 2025 9:22pm GMT

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AI Could Replace 3 Million Low-Skilled Jobs in the UK By 2035, Research Warns

Up to 3 million low-skilled jobs could disappear in the UK by 2035 because of automation and AI, according to a report by a leading educational research charity. The Guardian: The jobs most at risk are those in occupations such as trades, machine operations and administrative roles, the National Foundation for Educational Research (NFER) said. Highly skilled professionals, on the other hand, were forecast to be more in demand as AI and technological advances increase workloads "at least in the short to medium term." Overall, the report expects the UK economy to add 2.3 million jobs by 2035, but unevenly distributed. The findings stand in contrast to other recent research suggesting AI will affect highly skilled, technical occupations such as software engineering and management consultancy more than trades and manual work.

American Influencers Can't Stop Praising Chinese EVs They Can't Buy

Chinese automakers may not be able to sell their electric vehicles in the United States due to steep tariffs and software restrictions, but they have found an alternative path to American eyeballs through a coordinated campaign targeting car influencers on YouTube, TikTok, and Instagram. The effort, the Verge reports, is largely organized by DCar Studio, a platform that invites US-based creators to Los Angeles to test-drive vehicles from brands like BYD, Geely and Xiaomi. DCar is actually Dongchedi, a car trading platform owned by TikTok parent ByteDance that raised $600 million on a $3 billion valuation in 2024. The strategy appears aimed at building global brand awareness rather than direct US sales. Mark Greeven, professor at IMD Business School, told The Verge that American influencers still shape opinions across the Western world. "The charm offensive is to work with American influencers about Chinese EV cars because we still have a dominant opinion in the Western world, which is formed by English-speaking influential figures on social media," he said. Several creators told The Verge they have heard rumors of undisclosed payments for positive coverage.