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 02:48 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
    Chicago Alderman Walter Burnett (Getty, Burnett)
    “Folks can still afford to live there”: Q&A with Chicago Alderman Walter Burnett
    “Folks can still afford to live there”: Q&A with Chicago Alderman Walter Burnett
    McCormick Place
    Chicago’s downtown hotels in distress as conventions, travel remain slow
    Chicago’s downtown hotels in distress as conventions, travel remain slow
    Sterling Bay submits new design for Fulton Market office building
    Sterling Bay submits new design for Fulton Market office building
    Sterling Bay submits new design for Fulton Market office building
    Jason Koehn and 975 Sterling Avenue (Google Maps)
    Albion scores $94.2M loan for Chicago’s second-largest multifamily deal this year
    Albion scores $94.2M loan for Chicago’s second-largest multifamily deal this year
    Skokie lab buildings sell for $75M reflecting area’s commitment to life sciences
    Skokie lab buildings sell for $75M reflecting area’s commitment to life sciences
    Skokie lab buildings sell for $75M reflecting area’s commitment to life sciences
    Former Obama Fundraiser Tony Rezko’s son paid $13.7M for 22-story building site
    Former Obama Fundraiser Tony Rezko’s son paid $13.7M for 22-story building site
    Former Obama Fundraiser Tony Rezko’s son paid $13.7M for 22-story building site
    Allstate CEO Thomas Wilson and 2775 Sanders Road in Northbrook (Getty, Allstate)
    Allstate to sell suburban Chicago headquarters after more than 50 years
    Allstate to sell suburban Chicago headquarters after more than 50 years
    Illinois receives 2 bids for James R. Thompson Center
    Illinois receives 2 bids for James R. Thompson Center
    Illinois receives 2 bids for James R. Thompson Center
    arrow_forward_ios

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

    Loading...