Brandywine Realty Trust discloses cyber incident with data exfiltration; no material financial impact expected

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Detected unauthorized third-party access on May 1, 2024; encryption and exfiltration of files including personal info.
Incident caused disruptions to business applications including financial and operating reporting systems.
Remediation underway: third party removed, access restored, data completeness/integrity confirmed.
Substantial portion of direct costs expected to be reimbursed through insurance recoveries.
Company does not believe incident is reasonably likely to materially impact financial condition or results.

Key facts

Extracted from this filing and checked against the source text.

Cybersecurity Incidents SEC 8-K Item 1.05 confidence 0.9

BRANDYWINE OPERATING PARTNERSHIP, L.P. disclosed a cybersecurity incident: Unauthorized third-party access and encryption of IT systems, exfiltration of files containing personal information. Impact: Disruptions to business applications and operations, but real estate operations continued materially; no material impact on financial condition or results of operations identified. Company determined it not material. Discovered 2024-05-01.

Nature: Unauthorized third-party access and encryption of IT systems, exfiltration of files containing personal information
Impact: Disruptions to business applications and operations, but real estate operations continued materially; no material impact on financial condition or results of operations identified
Materiality: not material
Discovery: 2024-05-01

Exact text from the filing

the cybersecurity incident has not had a material impact on the Company’s financial condition or results of operations, and the Company does not believe the cybersecurity incident is reasonably likely to materially impact the Company’s financial condition or results of operations

View on SEC.gov

Browse all cybersecurity incidents →

Source: SEC EDGAR

accession 0001193125-24-147625

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.