The potential long-term effects of Essex Property Trust's data breach
are not yet known, yet this breach may serve as a harbinger of future
problems for multifamily REITs, says Fitch Ratings.
On Sept. 29, Essex filed an 8-K indicating that its computer networks
containing personal and proprietary information had been compromised by
a cyber-intrusion and that the company was determining whether any
employee or tenant data is at risk.
The threat of data breaches is not unique to apartment REITs and is a
legitimate risk for all corporations. Large, multinational corporations
such as Target, Home Depot and J.P. Morgan Chase have been victims of
breaches and it remains to be seen whether the security systems and
business insurance policies employed by REITs will provide a sufficient
barrier.
The purpose of this page is to provide awareness to individuals and organizations that are leaking information and the information of their customers. The entities listed on this site are verified to be leaking personal information sometimes without the company even being aware. SLC Security is now owned and operated by Jigsaw Security Enterprise. We are currently in process and as such this blog will eventually be taken offline and merged with Jigsaw Security resources.
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