2022-10-07 NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP Cybersecurity Incident

Page last updated on April 11, 2024

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP initially disclosed a cybersecurity incident in an SEC 8-K filing on 2022-10-07 20:23:49 EDT.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date: 2022-10-03
Detected Date:
Disclosure Date: 2022-10-07
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2022-10-07

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP filed an 8-K at 2022-10-07 20:23:49 EDT
Accession Number: 0001558370-22-014912

Item 8.01 Other Events.

On October 3, 2022, The Hamilton Company, Inc. (“Hamilton”) experienced a cybersecurity incident involving ransomware. Hamilton has been engaged by NewReal, Inc., the general partner of New England Realty Associates Limited Partnership (the “Company”) to perform general management functions for the Company’s properties in exchange for management fees. After becoming aware of the incident, Hamilton conducted an initial investigation into their digital environment and discovered encryption within the environment. The threat actor encrypted areas within Hamilton’s digital environment. At this time, there is no evidence that backups are encrypted. Hamilton is still in the process of determining what, if any, data was accessed or acquired. Currently, the encryption impacted access to some of Hamilton’s digital environment. Hamilton is working with independent third-party cybersecurity specialists to restore the environment and return to operations securely.

Security is a top priority for the Company and Hamilton, and the Company and Hamilton continue to work to take a series of measures to safeguard the integrity of its information technology systems. Hamilton engaged independent third-party cybersecurity specialists who are working to assist in the remediation and investigation of the incident. Additionally, Hamilton has implemented additional security measures in response to the incident, which includes enterprise-wide endpoint detection and response and password resets. Hamilton has notified appropriate law enforcement authorities. Hamilton is also working closely with legal counsel.

Hamilton is in the early stages of its investigation and assessment of the security event and the Company cannot determine, at this time, the extent of the impact from such event on our business, results of operations or financial condition or whether such impact will have a material adverse effect. The Company anticipates that as a result of the ransomware attack there is a substantial likelihood that the filing of the Company’s Form 10-Q for the quarter ended September 30, 2022 will be delayed.

Company Information