The construction and real estate industries are two of the most common today to experience cyberattacks. In this article, we will take a look at insights from both industries, and how network vulnerability assessments from providers like LISS Technologies can make all the difference in ensuring your company is secure. Here’s everything you need to know about the growing vulnerability in construction and real estate cybersecurity.
Real Estate Cybersecurity Insights
Real estate companies are increasingly vulnerable to cyberattacks, with the industry’s online transactions and sensitive data making it an attractive target for criminals.
Why Do Cybercriminals Target the Real Estate Industry?
Real estate companies are attacked by cybercriminals because of the valuable personal information they store, such as social security numbers, addresses, bank account numbers, and credit card details. With this data, criminals can commit identity theft and other financial crimes. Real estate transactions involve a significant amount of money, making them even more appealing targets.
How Are Real Estate Companies Attacked by Cybercriminals?
Cybercriminals use a variety of tactics to target real estate companies. Some common methods include phishing, where hackers send emails with malicious links or attachments that allow them to access your systems when clicked on. They may also launch ransomware attacks that lock files until you pay a ransom to regain access. Other threats include password-cracking techniques, malware injections, and SQL injection attacks which can expose confidential data stored in databases.
Real Estate Cybersecurity Tips
To protect your business from these cyberthreats, there are several steps you can take:
- Develop a strong cybersecurity policy and ensure all staff is aware of the guidelines and is regularly trained on its implementation.
- Monitor all activity on your networks for suspicious behavior.
- Install up-to-date anti-virus software on all devices connected to your network and keep it updated regularly.
- Incorporate two-factor authentication into your login process to add an extra layer of protection against hackers attempting to access your systems remotely.
- Implement strong password policies requiring complex passwords with a mixture of upper and lowercase letters, numbers, and symbols for added security. Also, ensure that passwords are changed frequently or after any suspicious activity has been detected.
- Utilize encryption technology whenever transmitting sensitive data over electronic networks such as email or text messages.
The Full Spectrum of Construction Cybersecurity
With construction booming across the nation, it’s no surprise that cybercriminals have targeted one of the fastest growing markets in today’s economy.
Why Is the Construction Industry Targeted by Cybercriminals?
The construction industry is particularly attractive to cybercriminals for a few reasons:
- It is an industry that requires a lot of collaboration and coordination between internal and external stakeholders. This means there are multiple points of entry for attackers to exploit.
- Many construction companies lack adequate cybersecurity measures, making them easy targets for those who know what they’re doing.
- Because construction companies typically store sensitive information such as financial records and customer data, they are more likely to have valuable information that can be sold on the dark web or used in other malicious activities.
How Cybercriminals Attack Construction Companies
Cyberattacks against construction companies usually take one of two forms: direct attacks or indirect attacks. Direct attacks involve hackers attempting to breach a company’s systems directly by exploiting network and server vulnerabilities. These are often difficult to counter without investing in robust cybersecurity solutions. Indirect attacks involve using outside sources such as third-party vendors or unsecured internet connections. These can be just as damaging as direct ones, but may be easier to prevent with proper security protocols in place.
Construction Cybersecurity Tips
- Keep your software up-to-date: Make sure all software related to your business is regularly updated with the latest security patches and features.
- Secure your connections: Ensure all internet connections your company uses are secure and encrypted.
- Train staff: Educate employees on basic cybersecurity principles and how they can best protect themselves from online threats.
- Invest in robust security solutions: Implementing state-of-the-art cybersecurity solutions, such as firewalls, anti-virus protection, and intrusion detection systems, will help ensure your company stays safe from cyberattacks.
- Monitor activity: Regularly monitor your system for suspicious activity or unauthorized access attempts.
- Test regularly: Conduct regular penetration testing and vulnerability scans to identify areas requiring additional protection.
Businesses in the construction and real estate sectors can start with simple steps in safeguarding their infrastructure. Check out this article that identifies signs your computers and network could be affected by malware.
The Benefits of Network Vulnerability Assessments for Construction and Real Estate Sectors
Network vulnerability assessments can effectively identify weaknesses in a business’s network and take measures to reduce risk.
Identifying Security Weaknesses
One of the most important benefits of network vulnerability assessments is that they can help businesses identify security weaknesses in their networks. By performing an evaluation, a company can determine which areas of its network are vulnerable and take steps to mitigate risks. Vulnerability assessments also allow businesses to proactively identify potential threats before they become serious problems.
Network vulnerability assessments can also help businesses minimize risk by identifying threats that could cause serious damage to a business’s data or operations. By regularly assessing their networks, companies can ensure they are prepared for any potential cyberattacks and take the necessary steps to protect their sensitive information and systems.
Reducing Costly Downtime
When it comes to cyberattacks, downtime is a critical issue for businesses as it can lead to significant financial losses if not addressed quickly. Network vulnerability assessments can help reduce costly downtime by detecting vulnerabilities early on and providing solutions to fix them before an attack happens.
Network vulnerability assessments also help businesses increase efficiency by ensuring that all systems and processes function optimally. With regular examinations, businesses can ensure that their networks are running properly and securely while they can focus on other tasks without worrying about potential security threats.
LISS Technologies: Your Source for Network Vulnerability Assessments for the Construction and Real Estate Cybersecurity Industry
Protecting your construction and real estate businesses from cyberattacks should be a top priority. LISS Technologies stresses this importance, which is why we offer comprehensive security solutions with our over 30 years of IT experience. From data backups to vulnerability assessments, count on us for the tools and expertise needed to safeguard your operations. Contact us today to get started.