Sunday, June 7, 2020
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Know Your IT Vulnerabilities

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It’s not just your office desktop computer. The printer, the ventilation fan, and even your office phone can be at risk of a cyber-attack.

cybersecurity company Red Balloon.

“This is probably the most important cybersecurity threat that we have today because these computers control every single aspect of our critical infrastructure that we depend on every single day,” Cui told CNBC in an interview.

An embedded PC is essentially any specialized computer system that is part of a larger device, intelligent system or installation. Embedded computers come in an endless array of shapes and sizes and can range from the tiny ARM-based devices that power today’s smartphones, to all-in-one solutions that run huge earthmovers and military equipment.

Technology Advances Putting You In Danger?

Cui says the cyber-security problem related to embedded PC’s is only going to become worse, as more embedded devices get produced.

The embedded systems market could reach a whopping $214.3 billion by 2020. This due to rising demand from end-use industries such as automotive and healthcare. As well as the boom in the internet of things devices, according to a new research report by Radiant Insights Inc.

As the commercial real estate industry adopts IoT technologies and more smart buildings emerge the risks from inherently embedded computers found in devices and sensors is rising exponentially.

Commercial real estate executives are increasingly concerned about cyber-security threats. This is according to Seyfarth’s fourth annual Real Estate Market Sentiment Survey.

The survey polled commercial real estate executives around the country from all sectors. It found that 69% of respondents think about a cyberattack hitting their business in 2019. Nearly a 30% increase compared to last year.

There is undoubtedly a rising cyber-concerns among executives. It appears to stems from the fact that commercial real estate companies are stepping up their tech game. Evident through the use of technologies such as cloud, mobile, and third-party applications to drive tenant engagement and operational efficiency. CRE owners are also implementing more sophisticated technology solutions for building management.

More companies adopt and build ecosystems of devices that connect tenants and third-party vendors through integrated building management and communication technologies . The biggest side effect is the risks for cyber hacks surging.

How Will it Change Real Estate?

Remote locks, hacked key-card pads, compromised HVACs, thermometers, and elevator systems. These are some of the ways that building’s management teams may have to confront cyberattacks that were previously non-existent.

Building management teams will have to heighten their awareness of virtual dangers. Those that can compromise the safety and security of the building and its occupants. All in response to the increased risk of cyber threats,

In today’s digitally connected environment, any vendor or occupant can be a potential source of an intrusion. This is true not only for vendors remotely providing digital services such as cloud storage or cybersecurity monitoring but also for third parties that access a secure network.

The consequences of a cyberattack can come in many forms. From reputation damage, to new legal liabilities. Since more CRE applications are collecting both building management and occupant data. CRE owners could find themselves liable for damages after an attack, regardless of whether the offending party was from a business, a vendor or an occupant.

In short, know your vulnerabilities!

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