Increasingly reliant on technology, commercial property companies are not immune to the threat.
Sensitive information, strategic plans and tenant information are the most visible targets of cyberattacks, according to the Deloitte Centre for Financial Services.
Given the significant amounts of cash maintained on balance sheets as well as large transactions related to acquisitions, disposals and financing of commercial properties, the industry could be particularly vulnerable to financial cyber crime.
Sandeep Muraleedharan, a senior manager in risk advisory at Deloitte, says attackers will be particularly interested in property companies during merger and acquisition activity. Hackers have been known to impersonate sellers via email to change the bank account number that money should be transferred into.
Hackers could also look to get hold of occupier data and the blueprints of buildings, so they can identify access point to the network.
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