DATA PRIVACY & CYBER SECURITY

As part of the Company’s Information Security Awareness Program, all team members must complete online security awareness courses. In addition, team members receive ongoing security awareness communications related to specific risks.

The Company’s Director of Information Technology (IT) is responsible for developing and implementing IT plans and managing IT security to protect our systems and data. In the unlikely event we are exposed to a cyber breach, we have a quick, tested method in place to eradicate it, minimize the effect, and to recover efficiently and effectively with minimal impact to our business continuity. We conduct both annual internal and third-party risk assessments to continuously evaluate the effectiveness of our security controls and identify new threats and vulnerabilities and appropriate controls to mitigate risks.

The Audit Committee of Armada Hoffler’s Board of Directors oversees the risk management processes related to cybersecurity. It meets regularly with the Company’s IT personnel and senior management to discuss recent trends in cyber risks and the Company’s strategy to defend its IT networks, business systems and information against cyberattacks and intrusions.

In 2022 we continued efforts to further reduce our carbon footprint in IT via the consolidation of virtual server workloads in Azure, and we are looking to be more cognizant of eligible vendor footprints. We have also matched our virtual machine resource types to the workload they support to best serve their purpose for data availability efficiency.

We increased our labor market scope through inclusion of internal growth opportunities in addition to direct degree holding prospects for advanced positions.

Armada Hoffler has embraced a technology landscape which fully supports a wider lens of employee personal situations through remote work opportunities and we have incorporated diversity within the IT department.

We have standardized our main employee work platform and software load, maximizing capability to meet all workloads. (Microsoft Surface Laptop Studio loaded with Microsoft Office 365 products)

In 2022, Armada Hoffler did not experience any financial losses related to technology failure, cyber-attacks, or security breaches.