Evolving cyber risk in commercial real estate

Retail, travel, and hospitality, and the financial services industries have been plagued with cyberattack incidents. In contrast, the CRE sector considers itself to be relatively less at risk from a potential cyberattack. This is because CRE firms typically maintain relatively less consumer personally identifiable information (PII) and valuable intellectual property (IP) directly on their own technology systems.

So is there cyber risk in real estate–yes, there is! And it’s becoming more clear, as CRE companies implement technology-driven innovation, they also need to implement appropriate security measures to prevent and mitigate cyber intrusions.