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Real estate firm Essex Property reports data breach

Real estate firm Essex Property reports data breach

Essex Property Trust Inc., a Palo Alto, California-based real estate investment trust, said that certain of its computer networks containing personal and proprietary information have been breached.

The company said in a statement Monday that “evidence exists of exfiltration of data on company systems,” but its precise nature has not yet been identified, and the company does not have information that the data has been misused.

Essex Property said it has taken immediate steps to assess and contain the intrusion and secure its systems, and has retained independent forensic computer experts to analyze the impacted data systems.

Essex President and CEO Michael Schall said in the company’s statement, “Protecting the personal information of our tenants and employees — and maintaining their trust — is of critical importance to Essex. Unfortunately, cyber-criminals are finding new ways to infiltrate data systems every day, leaving companies increasingly vulnerable to these kinds of events. Our team is working around-the-clock to fully assess the situation and determine whether any personal information could be at risk. Essex will continue to investigate this matter and will provide further updates once more information becomes available.”

Essex, an S&P 500 company, has ownership interests in 242 apartment communities with an additional 11 properties in various stages of development or in the initial leasing phase.

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