Cybersecurity has received a lot of different advancements over the years. While it is stronger today, Tech Wire Asia reported that cybersecurity is still a major concern these years. The number of things needed to be covered by it had grown, especially with sectors like real estate becoming more and more dependent on the Internet and the different areas under it.
The report further revealed a disturbing statistic--in Asia, less than 20 percent of companies are 'insured' against cyber attacks. It is unknown whether they are protected against such malicious attacks. Another problem is that real estate--whether in Asia or anywhere else--is in danger of receiving malicious attacks of this kind, especially when technology is just being applied to it.
Another ever-present danger is that cybercriminals don't discriminate when it comes to hacking and forcing their way into gaining information illegally. Whether it's in real estate companies that are still vulnerable, lawyers who represent them, or mortgage providers finally putting more efficiency with the application of technology, all real estate is fair game to these new-age criminals.
There are a lot of new age crimes that are developing with the discovery of data. The news covered a lot of data-heists that happened in the last few years. Some of these could be any of the following; BEC scams, malware, and ransomware are only a few of these cybersecurity threats that companies should be made aware of.
Real estate companies, according to the Tech Republic, are ripe for the picking for cybercriminals because tech in this sector is just beginning to be developed. It can become an especially fruitful risk for criminals because of the sensitive information located in data provided for real estate. Bank accounts, social security numbers--these are only a few of what criminals can gain if they hack into these accounts.
Security analyst Robert Siciliano believes that there is risk whenever someone chooses a place to do business in. A mortgage-closing wire scam, ransomware, and malware are only a few of the available risks present. It is a good thing that cybercriminals had chosen to focus on other sectors first before they decide to take a look into real estate platforms.
Real estate must evolve. However, there are a lot of things that should be considered before they decide to move everything to 'the cloud' or go fully digital. Businesses should also consider investing heavily into cybersecurity, as they are not only protecting themselves--they are also protecting their clients and the information they provide.
