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What are the most effective ways to monitor your commercial real estate network for cyber threats?

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Cyber threats are a growing concern for commercial real estate (CRE) owners, managers, and tenants. As more properties adopt smart technologies, internet of things (IoT) devices, and cloud-based platforms, the potential for data breaches, ransomware attacks, and operational disruptions increases. To protect your CRE network from cyber risks, you need to monitor it regularly and proactively. Here are some of the most effective ways to do that.

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1 Assess your network assets

The first step to monitor your CRE network is to identify and inventory all the assets that are connected to it. This includes hardware, software, sensors, cameras, access control systems, HVAC systems, lighting systems, and any other devices that use network resources. You should also map out the network topology, the data flows, and the access points. This will help you understand the scope, complexity, and vulnerability of your network.

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Manas Mehrotra

Managing Director - NestaVera Group Founder & Chairman- 315 Work Avenue Trustee - Greenwood High Chief Mentor -Kara4kids
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To safeguard your commercial real estate network against cyber threats, employ advanced firewalls and intrusion detection systems. Regularly update software, and use continuous monitoring tools for real-time threat detection. Train staff in cybersecurity practices, focusing on strong passwords and phishing awareness. Conduct security audits and risk assessments routinely. Collaborate with cybersecurity experts for updated strategies, ensuring protection of sensitive data and client information.

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2 Implement network segmentation

The next step to monitor your CRE network is to divide it into smaller segments based on the function, location, and security level of the assets. For example, you can separate the network for tenant services, building operations, and management systems. This will limit the exposure and damage of a cyber attack, as well as improve the performance and efficiency of the network. You should also use firewalls, routers, switches, and encryption to control and secure the communication between the segments.

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Krystal Briggs

Innovation Strategist | Building Bridges Between People, Ideas & Tech for Growth
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In my approach to bolstering CRE network security, implementing network segmentation has been pivotal. I would divide the network into smaller, manageable segments, such as tenant services and building operations, tailored to their function and security needs. This not only curtails the potential damage from cyber attacks but also boosts network performance. Utilizing firewalls, routers, and encryption, I control and secure inter-segment communication, ensuring each part operates efficiently and safely within the larger network framework. This strategy is a cornerstone of maintaining robust, streamlined, and secure network operations.

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3 Deploy network monitoring tools

The third step to monitor your CRE network is to use various tools that can detect and alert you of any abnormal or malicious activity on the network. Some of the common tools are antivirus software, intrusion detection systems, network scanners, log analyzers, and vulnerability scanners. These tools can help you identify and block potential threats, as well as collect and analyze data on the network performance, traffic, and usage.

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4 Establish network policies and procedures

The fourth step to monitor your CRE network is to define and enforce the policies and procedures that govern the network access, usage, and maintenance. This includes setting the roles and responsibilities of the network administrators, users, and service providers, as well as the rules and standards for password management, data backup, software update, incident response, and disaster recovery. You should also provide training and education to the network stakeholders on the best practices and protocols for cyber hygiene and security.

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5 Review and update your network regularly

The fifth step to monitor your CRE network is to conduct periodic reviews and updates of your network assets, segmentation, tools, and policies. This will help you keep up with the changing technology, regulations, and threats in the CRE industry. You should also perform audits and tests to evaluate the effectiveness and compliance of your network monitoring strategy. Additionally, you should seek feedback and input from the network stakeholders on how to improve and optimize your network.

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6 Partner with network experts

The sixth and final step to monitor your CRE network is to partner with network experts who can provide you with professional advice, support, and solutions. These experts can be internal or external, depending on your needs and budget. They can help you design, implement, and manage your network monitoring strategy, as well as troubleshoot and resolve any network issues. They can also provide you with the latest trends, insights, and best practices on CRE network security and optimization.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the most effective ways to monitor your commercial real estate network for cyber threats?

1

2

3

4

5

6

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1 Assess your network assets

2 Implement network segmentation

3 Deploy network monitoring tools

4 Establish network policies and procedures

5 Review and update your network regularly

6 Partner with network experts

7 Here’s what else to consider

Commercial Real Estate

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What are the most effective ways to monitor your commercial real estate network for cyber threats?

1

2

3

4

5

6

7

1 Assess your network assets

2 Implement network segmentation

3 Deploy network monitoring tools

4 Establish network policies and procedures

5 Review and update your network regularly

6 Partner with network experts

7 Here’s what else to consider

Commercial Real Estate

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