FROM NATIONAL REAL ESTATE INVESTOR - How Can CRE Professionals Ensure Data Security Amid Lockdowns?

Cyber attacks look set to pick up amid so many professionals working from home. Sebastian Obando | Apr 29, 2020

Read the entire article in National Real Estate Investor


Data security was already a growing issue for commercial real estate professionals before the COVID-19 pandemic hit. Now, with two-thirds of the U.S. workforce working from home, including most of the commercial real estate industry, it has taken up a new importance.


Fraud, particularly wire fraud and fraud related to payment processing, is a growing issues for the industry. Jonathan Fairtlough, managing director for cybersecurity at Kroll, a corporate investigations and risk consulting firm, says: “I think you will see an increase in the number of breach investigations where the attack vectors are identified as coming from a home system.”

Data security was already a growing issue for commercial real estate professionals before the COVID-19 pandemic hit. Now, with two-thirds of the U.S. workforce working from home, including most of the commercial real estate industry, it has taken up a new importance.


Fraud, particularly wire fraud and fraud related to payment processing, is a growing issues for the industry. Jonathan Fairtlough, managing director for cybersecurity at Kroll, a corporate investigations and risk consulting firm, says: “I think you will see an increase in the number of breach investigations where the attack vectors are identified as coming from a home system.”


Strong technical controls combined with end-user education can make a world of difference in mitigating its impact, says David Shaw, chief security officer at AppFolio, a property management software. For example, AppFolio uses multi-factor authentication to prevent account takeover attacks and also provides a way to securely share wire instructions.


Lockdowns, which have forced an unprecedented number of professionals to work from home, open up a whole new attack vector, according to Michael Cutlip, CEO of Authoriti, a New York City-based provider of solutions to prevent identity theft and misuse of consumer data. “Most companies today have a remote workforce, but just the number of remote workers has changed because of COVID-19, so a lot of adjustments need to be performed to account for that new increase of usage.”


Data theft is increasingly common across all industries. As the world moves toward a more networked, cloud-based reality, more and more data is stored online. However, some organizations focus so heavily on customer acquisition and revenue generation, they fail to properly protect their customers' data...


Read the entire article in National Real Estate Investor


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