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Evolving cyber risk in commercial real estate
What you don’t know can hurt you
Many commercial real estate (CRE) companies are inadequately prepared for cyberattacks. Read this report to learn more on how you can get prepared.
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.
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New technology brings business benefits, but what about new risks?
Commercial real estate (CRE) companies are implementing highly sophisticated technology solutions referred to as intelligent buildings. While these solutions offer many benefits, systems can be vulnerable to cyberattacks.
"In the pace of today’s climate, organizations cannot afford to slow innovation simply because it cannot be perfectly secured. But addressing those risks through a program to become secure, vigilant, and resilient is an essential component in achieving strategic and business performance objectives."