Why do cybersecurity incidents expose the real estate industry to risks?

Over the past decade, the number of cyber attacks and data breaches has been rising globally, with public announcements of new security incidents on an almost daily basis.

Booming proptech services and digital innovation in smart home products and intelligent building concepts open numerous opportunities to reduce costs, increase efficiency and gain new market share for property owners, managers, developers and real estate insurance companies.

Likewise, the use of internet of things services, connected devices, the opportunity to have remote access to facilities and to steer smart technology deployed in buildings creates