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Don't Leave Your Cyber Strategy to Luck, Use These 5 Principles to Construct Your Strategy

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.

Identify


The first step in creating a strong security operations center and cyber security strategy is to identify potential risks. This involves conducting a comprehensive risk assessment that considers all aspects of the organization's operations, including the physical infrastructure, network systems, software applications, and human resources. Once potential risks have been identified, they can be prioritized based on the likelihood and potential impact of an attack.


One of the most significant risks faced by commercial real estate organizations is the potential for data breaches. This can include sensitive information such as financial records, tenant information, and intellectual property. In addition to data breaches, organizations must also be aware of the risk of physical attacks on their properties, which can lead to significant property damage, theft, and even loss of life.


Another risk to consider is the potential for cyber-attacks on the organization's network infrastructure. This can include phishing attacks, malware infections, and other types of cyber threats that can compromise the integrity of the organization's network and data. Identifying these risks is critical to developing an effective cyber security strategy.


Having a security operations center means that you will have a dedicated team of professionals identifying the risks and threats within your network and organization, giving your company the opportunity to address them before they become a problem.


Protect


Once potential risks have been identified, the next step is to develop strategies to protect the organization's assets, data, and properties. This can include implementing physical security measures, such as security cameras, access control systems, and perimeter fencing, to deter potential physical attacks.

In addition to physical security measures, commercial real estate organizations must also implement robust cyber security measures to protect their digital assets.


This can include implementing firewalls, intrusion detection and prevention systems, and other network security measures to prevent unauthorized access to the organization's network and data.


Organizations must also ensure that their employees are trained to recognize and respond to potential security threats. This can include providing regular security training to employees to educate them on best practices for identifying and reporting potential security threats.


This is another point that a SOCaaS can address. A security operations center provides monitoring and management of the end points and end users within an organization, protecting your data, assets, and properties.


Detect


While prevention is critical, it is also important to be able to detect potential attacks and threats in real-time. This requires implementing an effective detection and monitoring system that can identify potential security incidents as they occur.

One of the most important components of an effective detection and monitoring system is a security information and event management (SIEM) system. This system can collect and analyze data from a variety of sources, including network logs, security cameras, and other security systems, to identify potential security incidents. In addition to a SIEM system, organizations should also consider implementing intrusion detection and prevention systems and other network monitoring tools to identify potential security incidents.


Having a SOCaaS who can detect and respond to cyber incidents. allows you to focus on your real estate business.


Respond


In the event of a security incident, it is critical to have an effective incident response plan in place. This plan should include clear guidelines for how to respond to different types of security incidents, including data breaches, physical attacks, and cyber-attacks.


The incident response plan should also include procedures for reporting incidents to law enforcement, notifying affected parties, and conducting a thorough investigation into the incident. In addition, organizations should consider implementing a business continuity plan to ensure that critical operations can continue in the event of a security incident.


Recover


Finally, in the event of a cyber-attack, it is critical to have a robust recovery plan in place to minimize the impact of the attack and restore normal operations as quickly as possible.


All of these things should be considered when putting together a comprehensive cyber security strategy. Your CIO or CISO should be leading the charge on this initiative. If your CRE organization is in need of fractional CIO or CISO services, reach out to our team of experts at info@5qcloud.com


If you find yourself wondering where to begin, or how to beef up your cyber strategy, you can learn more about all of our cyber security solutions at 5qcloud.com/5q-cyber including our SOCaaS product, 5Q Centry at 5qcloud.com/5q-cyber-centry

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