SitusAMC to Pay $5.3 Million Settlement for Data Breach Affecting 662,796 Customers
SitusAMC Holdings Corporation, a New York-based real estate finance firm, has reached a $5.3 million settlement to address claims related to a data breach that occurred on November 12, 2025. The breach involved unauthorized access and exfiltration of personal data from the company's systems, impacting approximately 662,796 individuals.
As part of the settlement, class members may receive up to $5,000 for documented out-of-pocket losses, while those without proof can expect an estimated cash payment of $75 on a pro rata basis. Additionally, qualifying California residents may receive an extra $50. All affected individuals will also be eligible for one year of credit monitoring services through CyEx Financial Shield Complete.
SitusAMC has denied any wrongdoing and stated that the incident has been contained, clarifying that no ransomware was involved. The court has yet to make a decision in favor of either party. Claims must be submitted by November 6, 2026, with a final approval hearing scheduled for November 11, 2026.
FAQ
What is the total amount of the settlement reached by SitusAMC?
SitusAMC has reached a settlement of $5.3 million to address claims related to the data breach.
How many individuals were affected by the data breach?
Approximately 662,796 individuals were impacted by the data breach.
What compensation can affected individuals expect?
Class members may receive up to $5,000 for documented out-of-pocket losses, while those without proof can expect an estimated cash payment of $75 on a pro rata basis. Additionally, qualifying California residents may receive an extra $50.
What services will be provided to affected individuals as part of the settlement?
All affected individuals will be eligible for one year of credit monitoring services through CyEx Financial Shield Complete.
What is the deadline for submitting claims related to the data breach?
Claims must be submitted by November 6, 2026, with a final approval hearing scheduled for November 11, 2026.
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