U.S. realty belief big Brandywine Realty Belief has confirmed a cyberattack that resulted within the theft of information from its community.
In a submitting with regulators on Tuesday, the Philadelphia-based Brandywine described the cybersecurity incident as unauthorized entry and the “deployment of encryption” on its inside company IT techniques, in line with a ransomware assault.
Brandywine stated the cyberattack brought about disruption to the corporate’s enterprise purposes that assist its operations and company capabilities, together with its monetary reporting techniques.
The corporate stated it shut down a few of its techniques and believes it has contained the exercise. The corporate confirmed that hackers took recordsdata from its techniques, nevertheless it was nonetheless investigating whether or not any delicate or private info was taken.
Brandywine is likely one of the largest actual property trusts (REIT) in the US, with a portfolio of about 70 properties throughout Austin, Philadelphia, and Washington DC as of its final earnings report in April.
A few of the firm’s greatest tenants reportedly embrace IBM, Spark Therapeutics, and Comcast.
Because the introduction of latest guidelines in December, U.S. publicly traded corporations are obliged to speak in confidence to traders cybersecurity occasions which will have a cloth impression on the enterprise. As of the submitting, Brandywine stated it doesn’t imagine the incident is “moderately more likely to materially impression” its operations.
