Skip to content

cybersecurity for real estate

Helping real estate professionals and business executives interact safely with Blockchain and Web3.

Protection Against Cybercrime

Don’t underestimate the potential implications of a data breach. There are costly, far-reaching consequences of a cyberattack.

This new non-technical course gives you a thorough overview of the risks, how to safeguard against them, and how the application of blockchain technology can dramatically improve cybersecurity in real estate.

Is the real estate industry safe from cyberattacks?

No. Although not traditionally associated with high-risk industries like finance, healthcare, or manufacturing, real estate still sees much  cybercrime. Considering the large amounts of money and personal data involved with many transactions, it’s easy to see how real estate companies could become targets. Especially with cryptocurrency middle-men scams, there are new risks real estate professionals should be aware of so they know how to navigate safely.

Applications take money from investors!

The FBI has warned that cybercriminals are developing fraudulent cryptocurrency applications to steal from investors. According to the FBI, fraudulent cryptocurrency applications affected about 244 victims in the US, with an estimated loss of $42.7 million. Blockchain transaction records are encrypted, making it difficult to compromise. Developers must alter the entire chain to change a single record. 

Blockchain could reduce the potential for fraud.

Blockchain creates transparency, enabling us to access more data on individual properties and homeowners. Likewise, blockchain technology can improve the efficiency of transactions and reduce paperwork by digitising and centralising data and information related to deeds, title records, and listing agreements. It allows us to create and sustain business agreements through smart contracts and automation.

"Nothing is un-hackable as a whole. We are all imperfect, and we design imperfect systems and procedures. Thorough and efficient testing procedures make good application distinction."
Thomas Jreige, CEO of Cyber Cerberus

hacker

Social engineering attacks are real estate companies’ most significant collective cybersecurity risk. This grouping includes data wire transfers, CEO fraud, and phishing emails or calls. A hacker may pose as a trusted but unknown person, like a vendor or new employee, to gain access to company credentials. Or the perpetrator may impersonate a company leader and send a fraudulent email to request access to payroll records. Business email compromise (BEC) attacks are another form of cybercrime to be on the lookout for, as bad actors who successfully hack into a corporate email will imitate the owner’s identity to defraud the company and its employees, customers or partners. Ransomware, when a hacker or hacker group gains access to a computer network or server and holds it hostage, can cause work stoppage, financial losses, and potential reputation damage.

The less prepared a company is, the more vulnerable it is to hackers and fraudsters. The growing prevalence of blockchain is altering the way we share databases and processes. Transforming many industries, this type of technology has an especially significant impact on the real estate industry. Technology has the power to make a monumental transformation in the current real estate ecosystem, and blockchain is one of the significant catalysts leading this movement.

Blockchains are transaction networks. A blockchain is a globally replicated, secure database. You can think of it as an immutable, permanent and secure spreadsheet in the cloud which de-risks liability thanks to its distributed nature. It is effectively a decentralised database that can’t be compromised, ensuring the integrity of the data and allowing for untamperable record-creation for every property in the country.

For real estate agents, if blockchain were to become mainstream, it could dramatically reduce the potential for fraud and enable us to access much more data on individual properties and homeowners. Good news for real estate agents and their customers, it would also require agents to integrate blockchain data entry and information within their current workflows.

Educate and Prepare
  • * What is Cyber Security? 

    * Current Threat Landscape (What is happening in the Real Estate Industry)

    * Case Studies

    * What can you do to secure your environment (Considerations)

    Know Your Customer (KYC) – What am I collecting about my customer.

    * Data sharing 

    * Data storage (Centralised vs Decentralised)

    * What is Blockchain and how can it help with cybersecurity?

    * Discussion which will lead to an activity

    * Intro to solutions

    * The Privacy Act 

    * Mitigation Strategies

Are you ready to get into it?

Next course: TBA

 

Frequently asked questions

The course has been developed by TecStack 

This course is non-technical, no coding or technology skills are required. The course does require a basic understanding about Blockchain Technology. We suggest to study a basic level entry course first.

CPD Accredited Courses. CPD stands for Continuing Professional Development. It refers to the process of tracking and documenting the skills, knowledge and experience that you gain both formally and informally as you work, beyond any initial training. It’s a record of what you experience, learn and then apply. Not all our courses are CPD accredited.

This 4-hour course is delivered face-to-face or online in a professional classroom training environment. Please contact us for exclusive corporate in-house training for your team.

Cost and payment options vary on the chosen training provider.

Blockchain is a distributed digital ledger technology. Records stored on the blockchain are immutable which provide transparency and trust in the network. This rapidly growing emerging technology is changing the way we do business. To learn more about what blockchain is check out this video.

Distributed ledger technology is being used across wide range of industries such as: 

Fintech, Supply chain, Finance, Agriculture, Health care, Governments, Entertainment, Real Estate, Travel, e-Commerce, Insurance, Legal, Digital Identity and many more. 

 

At present there is no course funding available. Please contact your employer to find out if they cover your continuing professional development.

Blockchain is an emerging technology this growing rapidly and will integrate with other technologies such as artificial intelligence and IoT. Up-skilling yourself in the emerging technologies will increase your chances of career opportunities in the future. McKinsey Global Institute predicts 800 million jobs will be lost by 2030 as technology advances and the world gets more and more automated. 

Have you ever thought about whether your job is actually going to exist in 10 years time?

Blockchain is an emerging technology this growing rapidly and will integrate with other technologies such as artificial intelligence and IoT. Up-skilling yourself in the emerging technologies will increase your chances of career opportunities in the future. McKinsey Global Institute predicts 800 million jobs will be lost by 2030 as technology advances and the world gets more and more automated. 

Have you ever thought about whether your job is actually going to exist in 10 years time?