Cybersecurity, data security and data privacy continue to be hot topics for all market segments, including Commercial Real Estate (CRE) companies. The bottom line is what’s at stake – the company’s financial harm, brand and reputational impact, and increased regulatory scrutiny and personal liability for business leaders, and of course the impacts to customers, clients and others in the value chain.
Most cyberattacks are designed for financial gain – data for dollars. Personally identifiable information (PII) and financial transaction and account access are points of focus for most hacking efforts. The data suggests the trend will only increase.
Industry trends run straight into data security risks
It’s Past Time for CRE Cybersecurity Strategy and Governance