May 8, 2024 at 08:30AM
Brandywine Realty Trust, a Philadelphia-based real estate company, was hit by a ransomware attack on May 1, disrupting its business applications. The incident involved unauthorized access to its IT environment, with file-encrypting ransomware deployed on internal systems. The company has initiated response protocols, contained the incident, and begun restoring impacted IT systems. It believes the attack won’t significantly impact its financial condition or operations.
Key takeaways from the meeting notes are as follows:
– Brandywine Realty Trust, a Philadelphia-based real estate company, experienced a ransomware attack on May 1, which disrupted its business applications.
– The attack involved unauthorized access to parts of its IT system, with the deployment of file-encrypting ransomware on corporate systems, affecting financial and operating reporting systems.
– The company promptly initiated its established response protocols, engaged external cybersecurity experts, activated its incident response plan, and shut down some systems upon detecting the incident.
– While the real estate operations were not affected, the company is in the process of restoring impacted IT systems.
– Evidence suggests that certain files were exfiltrated by the attackers, but the full extent of the data breach and whether any personal information was stolen is yet to be determined.
– Despite ongoing investigation, the impact on the company’s financial condition or results of operations is not believed to be material.