CRE Stakeholders Clamp Down On Data Privacy and Cybersecurity

NEW YORK CITY – Commercial real estate stakeholders aren’t leaving data privacy and cybersecurity to chance in 2020. Stakeholders across the industry are clamping down as both become a pressing challenge among connected buildings, Arie Barendrecht, CEO of WiredScore, a CRE tech firm and creator of a digital connectivity rating system for the sector, tells GlobeSt.com.

“In a hyper-connected world, no company will stake its success on occupying a building with an un-secure digital infrastructure,” he said. “If your property isn’t fortified against cybersecurity threats, you’ll risk losing major tenants to landlords who are prepared to meet their tenants’ evolving security needs.”

Barendrecht expects increased sensitivity to cyber threats in the sector, which will coincide with the continued emergence and reliance on digital devices and the ‘Internet of Things,’ he said. “It is already transforming our lives at home as devices like Alexa or Google Home become a natural extension, they’ll also become a natural fixture in the office,” he added.