Risk Management in Cyber Security

As real estate and construction companies increasingly integrate smart technologies and devices into building systems, there are more opportunities for hackers and attackers to breach systems and to cause more damage. Moreover, cyber threats have evolved from the digital world into the physical world with cyber attacks of infrastructure and systems targeting buildings. The impact of a database cyber breach can be punishing to finances and brand: business interruption, loss of customers and market share, costs of restoration, damage to reputation and possible liability claims. A breach of a property's control mechanisms, security or life safety systems, however, could have catastrophic effects – even potential harm to human life.

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