Cybersecurity for Real Estate
To maintain your competitive edge, you may have started implementing technology upgrades in your building. These upgrades create a connected ecosystem that is attractive to your clients, but also increase your cyber security risks.
These connected systems are attractive features for your clients, but it also means that you are reliant more on their cyber security practices. If a tenant shares their wifi freely, it could create a window for someone to hack into your system.
Ways a Cyber Attack could Impact Your Business
Impact your reputation
Income loss if you can’t collect rent or pay invoices
Fines for information leaked, even if it was a tenant that caused the cyber breach
Protect your reputation and balance sheet by building in the right cybersecurity plan, including insurance. Cyber insurance allows you to transferring the cost of an attack and gives you access to that insurance company’s cyber expertise. Most insurance companies have resources and people to further help you build a more protect business.
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