WATCH NOW ON DEMAND: My Building Got Hacked
Buildings are no longer a collection of pre-set systems that work in silos to deliver specific benefits to occupants. In today's buildings we have introduced sensors and IoT technologies that allow these systems to adapt based on the huge quantities of data they receive and "talk" to other systems through high level interfaces. This has resulted in smart buildings that collect data on their occupants and use powerful analytics or machine learning algorithms to understand their requirements and deliver a better user experience.
This phenomenon has broken free from individual buildings and we are seeing numerous smart city initiatives all over the world where buildings, infrastructure and other services are all talking to each other and adapting in real time to deliver better levels of service and efficiency. The technologies involved and benefits of having interconnected adaptive systems has been well documented and presented at numerous seminars worldwide. Organizations in real estate industry across Asia are exposed to cyber-attacks, as the region is not prepared for cyber incidents. This is primarily due to the absence of a rigorous regulatory environment for the industry, a low level of investment in cybersecurity, and a lack of awareness.
In this era of fast digital transformation, real estate and hospitality companies, more than ever find themselves at the cross roads of increased usage of emerging technology and thus emerging cyber risks—making them attractive targets for cyber criminals.
This session addressed the cyber security and data protection risks associated with connected people, buildings and cities.
Speakers:
- Magda Chelly, Head of Cyber Risk Consulting, Marsh Singapore
- Edward Farrelly, Senior VP, Marsh Hong Kong
- Danial Yuan, Senior Program Manager, Digital Workplace, Microsoft