Reports indicate that numerous companies across four UK sectors have fallen prey to cyberattacks, putting the situation at risk unless they take immediate measures.
A survey of facilities conducted by facility managers, service providers, and chartered surveyors under RICS and shared with the Guardian revealed that many buildings experienced cyberattacks in the last year. This figure has risen from 16% the previous year.
Nearly three-quarters of over 8,000 business leaders (73%) anticipate that cybersecurity incidents will impact their operations in the next 12-24 months. RICS has recognized cybersecurity and digital risks as significant and rapidly evolving threats for building owners and occupants.
Marks & Spencer had to pause orders on its website for nearly seven weeks following a major attack in April, causing clothing sales to fall significantly until May 25th. They lost market share to competitors such as Next, Zara, and H&M.
As cybercriminal techniques advance, incidents targeting critical infrastructure and data breaches have become increasingly frequent, as noted by RICS. This trend will likely intensify with the enhanced capabilities of artificial intelligence and rapid technological advancements.
RICS cautioned that some buildings might be relying on dangerously outdated operating systems. For instance, a building that was opened in 2013 might still be using Windows 7, which has not received security updates from Microsoft for over five years.
Paul Bagust, head of the property practice at RICS, remarked: “Buildings have transformed from mere bricks and mortar into smart, interconnected digital environments that leverage continuously evolving technology to enhance the experience of occupancy.
This technology collects data to inform decision-making. At the levels of property management, building users, occupants, and owners, these advancements provide various benefits, including enhanced efficiency and reduced environmental impact. However, they also present multiple risks and vulnerabilities that could be exploited by malicious entities.”
The report highlights operational technologies such as building management systems, CCTV networks, Internet of Things devices, and access control systems as potential risk areas. This encompasses everything from automated lighting and heating to building management systems and advanced security protocols.
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Bagust further commented: “It’s challenging to envision a scenario where technology does not continue to elevate the risks within building operations. Identifying these burgeoning digital challenges and implementing adequate security measures is essential but increasingly complex.”
Source: www.theguardian.com
