“Cybersecurity is no longer simply an IT-issue, but an enterprise-wide risk management issue that must become a C-suite priority for the apartment industry,” emphasized NMHC Vice President of Government Affairs Kevin Donnelly. “Our new white paper provides a thorough legal and regulatory analysis of existing requirements faced by multifamily firms as well as a first of its kind roadmap for developing a cybersecurity program that is constantly tested and refined - far beyond planning for a one-time occurrence.”
“The apartment industry, along with its third party service providers, regularly collects, uses and maintains sensitive financial and personal data about residents, prospective residents and employees that leave them vulnerable to cyber incidents,” said Greg Brown, NAA’s Senior Vice President of Government Affairs. “As a result, we have long-recognized that cybersecurity is a key concern and this resource offers vital common sense, cost-effective solutions.”
Ultimately, the white paper highlights the importance of a robust cybersecurity program that includes incident response, evaluation of third-party relationships, oversight, staff training and risk mitigation.