Cyber attacks of business computer systems and websites are increasingly common. These attacks can be extremely damaging to businesses, especially if security is breached and confidential business and personal data are compromised.
Commercial real estate has been considered relatively secure from cybersecurity threats. However, particular sectors of commercial real estate, such as retail and hospitality, including residential property management companies and vacation rental properties, are highly vulnerable to malicious attacks.
Recent high-profile cyber attacks have made cybersecurity a top concern for all members of the commercial real estate industry, including owners, property managers, operators, investors, and lenders. In all likelihood, cyber attacks will continue to increase across commercial real estate sectors, and the potential liabilities are disastrous. For the full article click here
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