American realty trust giant Brandywine Realty Trust has confirmed a cyber attack that resulted in the theft of data from its network.
In In a filing with regulators on TuesdayPhiladelphia-based Brandywine described the cybersecurity incident as unauthorized access and “deployment of encryption” on its internal corporate IT systems, consistent with a ransomware attack.
Brandywine said the cyberattack caused disruption to the company’s business applications that support its operations and corporate functions, including its financial reporting systems.
The company said it has shut down some of its systems and believes it has contained the activity. The company confirmed that hackers took files from its systems, but it is still investigating whether any sensitive or personal information was taken.
Brandywine is one of the largest real estate trusts (REITs) in the United States, with a portfolio of approximately 70 properties in Austin, Philadelphia and Washington DC, according to its last earnings report in April.
some of the company largest tenant IBM, Spark Therapeutics and Comcast are reportedly involved.
since introduction of new rules In December, publicly traded companies in the US are obliged to disclose to investors cybersecurity incidents that could have a significant impact on the business. According to the filing, Brandywine said it does not believe the incident is “likely to have a material impact” on its operations.
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