Nov 25, 2022
Earlier, property owners were concerned about the physical security of the building and tried to get the best security people. But time has changed, and so do the security concerns. Today, digital security is more crucial as a huge amount of customer data is generated by different building technologies that necessitate an integrated and compatible Salesforce Property Management solution that can guarantee adequate protection.
Security concerns are increasing every single day as more and more systems are connected due to additional access gateways, which further increase the threat of valuable user data exploitation. Property owners, especially Commercial Property Owners, would definitely need robust and industry-specific security solutions for the virtual safety of their client's data. Data security is also necessary to provide clients with the most valuable and high-end experiences.
Importance of Security In Property Management System
Many Property Management Software development companies create secure apps and platforms to prevent data breaches by implementing AI-based solutions and data encryption. They also establish access baselines for different types of users.
The same technology can provide you with multiple safety elements through smart locks, controlled systems, and access gateways that monitor every activity and give timely alerts to property owners. T reduce risk and preserve important data along with the brand name and its credibility, reputed property management systems are implementing and enforcing strong security compliance practices. Several technical possibilities have made security management easy, assuring a reduced likelihood of data breaches and cyber-attacks.
There have several cyber attacks on the real estate business with a data breach of sensitive financial information of millions of customers. Security breaches can be extremely harmful and badly affect any brand's reputation. Therefore, it is necessary to employ security strategies to make a property management app less vulnerable to infringements.
Best Practices To Ensure Real Estate Property Management Security
Real estate businesses and their data access and transmission control security teams are responsible for secure storage, data encryption, and training and monitoring their employees. This blog discusses internal security and software-related challenges. We will also discuss how realtors may avoid common mistakes and improve the security of PMS software. Let's discuss the same!
Risk Evaluation: Also known as a risk management strategy, risk assessment entails having a framework to identify, prevent and deal with security issues, it involves several tasks, but the most important is educating staff about the potential risks and their consequences. The best example to explain this is malware attacks caused when employees fail to follow basic security guidelines.
Educating employees and providing them with regular training on cyber security can definitely increase their security awareness which can further prevent phishing and malware efforts in the future. Moreover, automating different activities reduce the chances of human error within the company activities. Timely security audits are critical to detect security issues. If someone has already witnessed an attack, they should have a clear and well-defined response plan to limit the damage. Also, they should have strategies to limit the hackers' ability to exploit further any information they have stolen.
Increasing Awareness about Phishing: If you really wish to build a solid cyber security culture in your company, you have to provide phishing awareness training to your employees. Unfortunately, many don't take it seriously and put such training on the back burner.
Lack of knowledge and internal staff negligence can be the two most important reasons for security breaches in the real estate sector. Experts believe that 86% of global cyber attacks occur due to human negligence, while 36% happen due to phishing attacks.
The increasing number of phishing scams reveals the need to conduct awareness training regularly and educate your employees to recognize such risks.
Important Security Consideration To Prevent Cyber Attacks
Suppose you manage your real estate business operations using a Salesforce CRM Software for property management. In that case, you can be relaxed a bit as PMS provides you with different features to enhance security. Some of the features you can expect in a reliable Property Management Software include:
Automated Alerts & Monitoring: When using a reliable PMS, you have the back that will prevent you from causing and spreading damage from the beginning. A software solution with a strong and innovative AI algorithm manages security issues without affecting business operations. It will take the desired actions before your security team gathers and make a strategic approach to a potential cyber-attack.
PMS algorithms are smart enough to quickly develop a baseline for normal system behavior and sense violations and faults, giving immediate signals to the response system. This helps businesses save money on manual security operations and focus on strategic tasks.
AI (Artificial Intelligence) driven alerts, notifications, and risk projections keep you one step ahead of challenges. It not only detects but also proactively addresses and responds to issues. The algorithm makes this happen by monitoring routine system operations and large amounts of data handled by different devices, platforms, and users. Therefore, the AI algorithm understands what a normal environment looks like and immediately reacts to malware intervention, and prevents it from spreading.
Secure Network: If you are using Salesforce CRM for property management, you can rest assured as your data is completely secure, as Salesforce security is the most trusted cloud security. It utilizes the most advanced technology for Internet security. The secure Socket Layer (SSL) technology of Salesforce protects your information.
Verification of Third Party Software: Apart from combining huge volumes of data, real estate is becoming more connected through remote property control, intelligent buildings, and multiple software systems are a part of the modern property management process. But when you choose multiple software solutions to handle your business operations, it can be risky as they will have their own rules and security management. So, verifying third-party software before you choose them is best.
The best alternative to this problem is to choose PMS like REDA, an all-in-one ERP for real estate that covers every aspect of property management and development.
Want to know how REDA ensures excellent security and data privacy? Click to read how REDA prevents security breaches or discrepancies.