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Canada's Biggest Real Estate Companies Lack Proper Cybersecurity

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With increased reliance on tech comes increased need for cutting-edge security. KPMG_Canada | realestate realestatenews cybersecurity

For every new technology designed to simplify lives, there’s a potential risk or ramification.new research

A survey of 17 of Canada’s biggest publicly traded and privately owned real estate organizations, representing more than $160B in real estate assets, revealed the staggering figure — 78% of these companies don’t proactively monitor their operational-technology network or devices for cybersecurity threats or vulnerabilities.

“Smart or intelligent building technology is commonplace in the industry today and holds many benefits, but it also comes with risks that could result in significant health and safety issues,” says Tom Rothfischer, Partner and National Industry Leader for KPMG in Canada’s Building, Construction, and Real Estate practice. “It is critical that these measures are built into their systems right up front.

 

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