Ramping Up Cybersecurity in the Industrial Sector
Tuesday, November 16, 2021
The world of real estate is making significant strides toward adopting the latest and most innovative technologies. But with more tech comes heightened risk. One of the latest ransomware attacks this year impacted up to 1,500 businesses globally by targeting U.S. IT company, Kaseya. Brazilian meatpacking company, JBS, also experienced a cybersecurity attack that forced the company to shut down operations, which could have been detrimental to its supply chain and to the U.S. food supply. In January 2021, a hacker was able to break into a water treatment plant system (by stealing an employee’s username and password) in an attempt to modify the chemical components that were treating drinking water. This could have impacted hundreds of households’ drinking water.
Risks for Industrial Properties
On the surface, industrial might appear to be relatively safe in comparison to other property types. We tend to think of four concrete walls and a rooftop with a lot of space inside for tenants to do their business. With such low complexity, how much could a cyber actor do? Well, not all industrial is created equal. A summary review of different types of industrial quickly shows potential vulnerabilities.