Gafisa Attacked by Unknown Threat Actor

An unknown threat actor has attacked Gafisa. Gafisa is one of the most respected builders and developers in Brazil. It was founded in 1954, employs 4500 people, and is headquartered in Sao Paulo. In 2017, it reported $256.5 million in net income and was listed on the New York Stock Exchange. It has more than 950 enterprises, among high-luxury residential condominiums, commercial buildings, flats, and shopping centers, that sum to approximately 10 million square meters of built area.

Official Statement from Gafisa

A statement from Ian Andrade, Gafisa's Investor Relations Officer, issued on February 16th, reads: "GAFISA SA (B3: GFSA3; OTC: GFASY) ('Gafisa' or 'Company') informs the market in general that it has identified a criminal alteration in its information technology environment – of the ransomware type – and has promptly triggered its internal information security protocols in order to identify the causes of the incident and mitigate its impacts."

"Gafisa's operations were not interrupted, and its information technology team is investigating the extent of the cyber-attack and its effects. The Company maintains frequent updates to its network and continuously invests in its technology processes in order to preserve the security of its systems and avoid any invasion attempt and uses technologies with strict security standards compatible with its activities and will maintain communication regarding any relevant information related to this event."