Cybercrime is thriving and cybercriminals are constantly evolving their techniques, tactics and procedures to defeat current-day defenses successfully.
Due to the collection, use and storage of vast amounts of sensitive personal information concerning residents, prospective residents, employees and contractors, the multifamily housing industry is a target-rich environment.
Advances within the property technology sector, otherwise known as PropTech, gives criminals greater access to apartment companies’ networks and the lives of their residents. Further, regulations have rapidly increased, which coincides with skyrocketing cyber insurance premiums.
To help housing providers navigate this landscape, NMHC partnered with Holland & Knight to produce this white paper.
What This Resource Covers
This white paper provides an in-depth analysis of the cybersecurity risks facing the multifamily industry and offers some practical considerations for developing a reasonable and robust cybersecurity program. Specifically, this resource covers:
- the current cybersecurity threat landscape;
- the proliferation of cybersecurity and data privacy laws and regulations;
- the changing cyber insurance market; and
- practical considerations for managing risk, incident response, oversight/governance and supplier relationships.
The information provided herein is general in nature and is not intended to be legal advice. It is designed to assist our members in understanding this issue area, but it is not intended to address specific circumstances or business situations. For specific legal advice, consult your attorney.
- NMHC-NAA Statement for House Energy and Commerce Subcommittee Hearing on Broadband Issues
- No Home Left Offline Coalition Letter to Governor of Alabama Supporting ACP
- NMHC NAA Comments to FCC on Digital Discrimination
- NMHC NAA House Financial Services Data Privacy Letter
- NMHC NAA House Energy and Commerce Data Privacy Letter