GDPR turned one at the end of May! Its introduction forced companies to consider data, privacy and security issues as part of their daily operations rather than as a nuisance or an afterthought. There is a strong incentive to do so – noncompliance doesn’t just entail potential reputational damage, but also colossal financial punishments (of four percent of an organization’s global turnover or £17.5m, whichever is greater). Despite the positive changes that were forced by GDPR, there is one area that companies, especially those within real estate, are still not giving enough attention: cybersecurity.
As the real estate industry continues to embrace PropTech, it also needs to grow in its awareness of the ever more sophisticated cybersecurity threats it can fall victim to! In this article, I looked at some of the main threats out there, and how they can
src link: https://www.forbes.com/sites/angelicakrystledonati/2019/06/12/the-multibillion-dollar-problem-of-weak-cybersecurity-in-real-estate/
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