How cyber safe is your building?

Monday 27 June 2022

As we become more reliant on technology, the need for proper cybersecurity measures increases. A report by Deloitte found that many commercial buildings are not as prepared as they should be when it comes to protection against potential cyber threats.

The Australian Cyber Security Centre’s (ACSC) figures reveal just how big a problem cybercrime has become in Australia. In the 2020‒21 financial year, over 67,500 reports of cybercrime were reported, with losses exceeding $33 billion. An increase from 59,806 reports in the previous year.

Although the CRE industry has considered itself less at risk, the increased use of technology in office buildings through tenant engagement as well as building management systems has meant in today’s connected world, a cyber-attack can have far-reaching consequences.

For a landlord or building manager, an attack could jeopardize the safety of occupants, damage reputation, and cause significant disruptions to operations. For commercial building owners, this means not only protecting your own property but also considering the safety of your tenants. By taking a converged platform approach and implementing the proper security monitoring tools, you can help keep your building safe from potential cyber threats.

There are a number of simple and effective steps landlords, and their building managers, can take to shore up building cybersecurity:

1. Educate your team and tenants on cyber risks and best practice
2. Invest in robust, fit for purpose cybersecurity solutions
3. Implement comprehensive security policies and procedures
4. Conduct regular security audits and risk assessments
5. Keep up to date with the latest cybersecurity threats and trends

By following these steps, landlords can help ensure their building is as safe as possible from potential cyberattacks.

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