Commercial real estate organizations own and operate vast amounts of sensitive data, critical assets, and properties that are all constantly at risk. The need for a comprehensive security operations center (SOC) and thorough cyber security strategy has never been greater. Every cyber strategy should address these five points in some way: identify, protect, detect, respond, and recover.
Zoe
So, when it comes to cybersecurity, especially in CRE, the first thing to understand is that you can’t just wing it or hope for the best. I mean, luck isn’t exactly a strategy, right?
Kelly
Oh my gosh, totally. Like, winging it is great for road trips, not for protecting your multimillion-dollar building data. Right?
Zoe
Exactly. And I think that’s where these principles come in. They give you a framework, a game plan. Let’s start with number one — know what you’re protecting. Your data, your assets, your properties. If you don’t know what’s valuable, how can you protect it?
Kelly
It’s like locking your house doors, but you don’t know which ones actually open in the first place.
Zoe
Right, it’s all about identifying vulnerabilities. Which leads to principle number two — assess your risks. You need to know what’s out there, and what could potentially harm your business. This means running regular risk assessments and staying, you know, ahead of the game.
Kelly
Oh, I love that. Like, not just waiting for something bad to happen but actually being proactive. It’s kinda like pre-emptively putting sunscreen on because you know, the sun is gonna show up — it always does.
Zoe
That’s...a creative analogy, but yes, being proactive. Okay, third principle — build layers of security. We’re talking multi-factor authentication, firewalls, secure networks. Cybersecurity isn’t one-size-fits-all; it’s about stacking your defenses.
Kelly
Ohhh, like an onion!
Zoe
Basically. Although not as smelly.
Kelly
Haha, right, okay so, layers of security. Got it. What’s next?
Zoe
Number four is all about constant education. Threats are evolving all the time, so if you’re not keeping your team up to date—
Kelly
You’re behind. Like, major behind.
Zoe
Exactly, training your team to recognize phishing attempts, or knowing how to handle potential breaches is crucial. And last, principle number five, is to have a response plan. If something does go wrong, you need a playbook ready. Who’s responsible, how to mitigate damage, how to recover—it all needs to be outlined.
Kelly
So basically like a fire drill...but for, uh, hackers?
Zoe
That’s right. And when you pull all these pieces together—identifying your assets, assessing risks, building security layers, educating your team, and having a response plan—you’re setting yourself up for success. You’re minimizing risk and maximizing resilience.
Kelly
Okay, that was seriously super helpful. I’m already rethinking how I handle my online accounts...and I don’t even own a building!
Zoe
Well, it’s about the mindset. And for CRE professionals, it’s a no-brainer. You need a solid strategy, and you can’t leave it to chance.
Kelly
Alrighty, on that note, let’s wrap things up.
Zoe
Remember—plan ahead, stay informed, and keep those cyber doors locked. And If you find yourself wondering where to begin, or how to beef up your cyber strategy, reach out to us at 5Q to learn more about all of our cyber security solutions! Thanks for tuning in!
Kelly
Until next time, stay safe, and we’ll see you then!
Chapters (1)
About the podcast
5Q's Podcast, Bricks & Bytes provides short but informational episodes about the intersection of technology and cyber security for CRE organizations.
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