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Risky Business: 10 Things to Know About Information Security

In this EXCLUSIVE commentary, Dealpath CEO Mike Sroka writes that the proliferation of data in CRE has created the need to structure, secure and maintain a vast amount of data in an industry that historically hasn't had to invest in cybersecurity.

By Mike Sroka | Updated on November 16, 2017

Photo of Mike Sroka Among other steps, Sroka recommends that investment firms employ a strict user authentication process.

SAN FRANCISCO—The commercial real estate (CRE) industry is in the midst of a transformation. The influx of big data and the ubiquity of information have contributed to the rapid adoption of CRE software services. According to Deloitte, investment in real estate tech startups recently hit $33.7 billion, up from $2.4 billion in 2008. Yet with more data—and more value at stake—comes new risks.

Critical deal information, financial models, tenant information and proprietary research are valuable resources in the CRE industry. Everything from a simple oversight to a sophisticated malware exploit could prove costly. BNP Real Estate, for instance, recently got hit by a particularly virulent strain of ransomware that caused significant downtime.

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