The real estate industry is accustomed to dealing with private information and regulatory obligations, but the industry often overlooks cyber risks. For a long time, real estate organizations have been able to avoid the worst type of attacks, like those seen by several major retailers and newspapers in the last year. However, as retailers and other clamp down on security, attackers will broaden their horizons, seeking new opportunities to harvest customer data.
Real estate companies are ideal targets for hackers who crave personal details and financial information that can be monetized on the black market. The old saying tells us that real estate investment is all about location, but those working in the industry know their success depends on a solid reputation that investors, buyers, and customers can trust.
Understanding the threats, internal and external, that your organization faces is the best way to manage risk, harden cyber security, and protect your reputation.