Marcus & Millichap says it was the target of a cyber attack

No evidence of data breach so far as investigation continues.

National /
Sep.September 20, 2021 03:46 PM
Marcus & Millichap says it was the target of a cyber attack

Marcus & Millichap targeted in cybersecurity attack, CEO Hessam Nadji (Marcus & Millichap)

Marcus & Millichap, the commercial real estate brokerage, said it was the target of a cyber attack. So far, there’s no evidence of a data breach.

The attackers targeted information technology systems, the Calabasas, California-based firm said in a Sept. 20 filing. Cybersecurity experts restored and secured essential systems “with no material disruption to the business,” according to the filing.

“There is no evidence of any material risk or misuse relating to personal information,” the company said.

Marcus & Millichap’s insurance is expected to cover most of the costs related to the incident, and an investigation is underway, said the company, which specializes in investment sales and financing, as well as research and advisory services, in the U.S. and Canada. The company didn’t respond to a request for comment.

Unique cybersecurity incidents rose 51 percent last year from 2019 as the world went into Covid lockdown and remote work became the norm, according to research by cybersecurity company Positive Technologies. About 86 percent of the attacks were aimed at organizations.

Earlier this year, cyber attackers breached the IT network of Douglas Elliman Property Management, the management arm of the New York brokerage, compromising the personal information of thousands of New York residents.





    Related Articles

    arrow_forward_ios
    Eric Gordon
    Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
    Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
    Big Tech locations in NYC
    MAP: Here’s a look at all the Big Tech locations in NYC
    MAP: Here’s a look at all the Big Tech locations in NYC
    What will proptech look like in 2019 and beyond?
    What will proptech look like in 2019 and beyond?
    What will proptech look like in 2019 and beyond?
    30 West 73rd Street in Manhattan (Google Maps, Getty)
    Little-known landlord transfers $380M portfolio to children
    Little-known landlord transfers $380M portfolio to children
    Barings' Mike Freno and 307 West 37th Street (Barings, Google Maps, Getty)
    Watermark sells Garment District hotel for 20% loss
    Watermark sells Garment District hotel for 20% loss
    GFP Real Estate's Jeffrey Gural and 675 Sixth Avenue (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, GFP Real Estate)
    TRD Pro: NYC’s biggest retail leases of August
    TRD Pro: NYC’s biggest retail leases of August
    Southold Town Supervisor Scott Russell and 12500 Main Road in Mattituck (Google Maps, Getty, Town of Southold)
    North Fork town smells victory in eminent domain fight
    North Fork town smells victory in eminent domain fight
    Carlyle's David Rubenstein (Carlyle)
    Real estate venture backed by Carlyle’s David Rubenstein raises $240M
    Real estate venture backed by Carlyle’s David Rubenstein raises $240M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...