Construction Today Volume 20 Issue 2 Volume 20 Issue 2 - March 2023 | Page 16

staff throughout the pandemic . For real estate companies that failed to file a claim during 2022 , they should investigate if they qualified before the filing period ends .
Cybersecurity While retention is great for business stability , real estate leaders should also be investing in consistently training their staff around software use , data collection , and overall cybersecurity to mitigate risks of cyberattacks . As companies start to shift more and more to digital , and cyber criminals become more sophisticated , the risks associated with not properly training staff on appropriate cyber etiquette are greater than ever before .
In addition to utilizing tools like encryption software and multi-factor authentication on important data , companies must teach their staff the warning signs of common attacks like phishing . From there , using methods like a penetration test , or a simulated cyber-attack exercise , to test your staff ’ s knowledge and execution of cyber protocols can ensure your resilience to a breach .
Thankfully , most of the real estate industry has recognized the value of these tests . The Bonadio Group ’ s study found that 55 percent of respondents reported utilizing a thirdparty to perform a penetration test to gauge the effectiveness of their cyber training .
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