COR2327. Cyber Security Challenges for Real Estate: Protecting Revenue and Assets

The real estate industry is adopting connected technologies for buildings and infrastructure to add rent-rolls, reduce operating costs, contribute to sustainability goals and enhance user experiences. But these same technologies offer safety and security challenges. According to the World Economic Forum, cyber-attacks are cited as No. 2 in the top 10 global business risks, particularly with the increased reliance on technologies for revenue generation. Cyber and ransomware attacks to automated building management systems and other cyber-physical systems threatening tenant safety can extract a catastrophic price on building owners and managers. As a result, the Securities and Exchange Commission recently introduced rules for companies to disclose cyber attacks resulting in a material loss, as well as cyber governance and protection programs. This session will focus on the growing cyber risk to real estate with recent case studies and propose threat mitigation programs.

Learning Objectives:

• Identify the cyber risks posed by technologies in building to their business stakeholders and the availability of industry standards can enhance cyber security and physical safety in buildings.
• Identify recent implementation of federal rules regarding the disclosure by publicly traded companies of cyber incidents, governance programs, and investments in cyber protections.