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SAN DIEGO—Real estate data can now be protected by bullet-proof cybersecurity that is user-friendly, cuts costs and gives companies peace of mind, two tech innovators told GlobeSt.com at this week's Realcomm/IBCon conference. We met with Neel Naicker, CEO and co-founder of San Francisco-based AMP Technologies, and Robert Morrish, CEO of Sydney, Australia-based Haventec to discuss their latest collaboration in real estate technology and cybersecurity.
Haventec Authenticate is the company's cybersecurity product that allows users to decentralize the storage of critical information by operating a rotating set of locks and keys for access to its systems and eliminates any central honeypots of highly valuable data, therefore significantly reducing the user's cybersecurity risk profile. The product is being used in conjunction with AMP Technologies' integrative data platform that connects people in real estate with technology. AMP is one of the first US firms to partner with Haventec on Authenticate.
“Users need to leverage data to take action, but you need to protect your data or it will destroy you,” Naicker tells GlobeSt.com. “We needed a venue to be ahead of the data.”
Morrish says Authenticate is a brand-new technology, and AMP's release of this authentication platform will make or break business in the future. In the last year, there has been a 40% increase in data-security breaches, underlying the need for this type of protection.
“Relying on old technology (username and password) is not working, and it's driving costs up,” says Morrish. Authenticate is an internationally patented device that allows the user's identity to be reconstructed on the fly using encryption technology. A four-digit PIN is created that can be used on every device, and the PIN is never stored or transmitted, allowing the software to regenerate the security environment in 50 seconds. There are no authentication codes—basically nothing to steal, which demotivates hackers.
Haventec is also releasing a new blockchain product later this year that will apply to machine identification and has partnered up with several insurance and real estate firms on its release.
Security regulation is gravitating toward greater accountability by firms to secure its data, further underlining the need for this type of protection. “The world is gravitating toward us,” says Morrish.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
