Last week, Philadelphia-based real estate firm Brandywine Realty Trust (NYSE: BDN) experienced a ransomware attack that disrupted some of its business applications, as disclosed in a filing with the US Securities and Exchange Commission (SEC) on Monday. The incident, which occurred on May 1, involved unauthorized access to portions of its IT environment, where file-encrypting ransomware was deployed on internal corporate systems, affecting operations such as financial and operating reporting systems. Brandywine Realty Trust promptly initiated response protocols, including engaging external cybersecurity experts, activating its incident response plan, and shutting down some systems. While the incident has been contained, the company is still investigating the extent of the breach and potential data exfiltration, although it believes the attack will not significantly impact its financial condition or operations. Despite the disruption to IT systems, the company’s real estate operations remain unaffected. Brandywine Realty Trust, one of the largest publicly traded real estate companies in the US, primarily invests in office buildings across Philadelphia, Austin, Texas, and Washington, D.C.
Read more: https://www.securityweek.com/brandywine-realty-trust-hit-by-ransomware/
