Cybersecurity Threats in Multifamily - Grace Hill

Take Action To Protect Against Cybersecurity Threats in Multifamily

Running a company without a cybersecurity plan is risky, especially as rapid tech advancements demand strong protections, employee training, and a response strategy.

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Cybersecurity Affects Every Business

Businesses of all sizes, industries, and locations face cyber threats—and the multifamily industry is an especially attractive target. Property managers collect large amounts of sensitive information, including Social Security numbers, birthdates, and previous addresses. A single data breach could result in hundreds of thousands of dollars in damages—or more.

Cyberattacks vary in form and sophistication, and they’re increasingly common. In fact, the FBI reports over 693,000 cybercrime complaints annually in recent years. Unfortunately, it's no longer a question of if your business will be targeted, but when.

How To Protect Your Properties and Business

Implement strong security, such as firewalls and antivirus software.

Educate employees about cybersecurity risks and best practices.

Create policies to prevent cyberattacks and a plan to respond if they occur.

Educate Your Team About the Risks

  • Highlight the importance of cybersecurity to employees and the risks they face.
  • Train employees on all types of cyberattacks, like phishing attacks, ransomware attacks, and data breaches.
  • Inform the team on how to protect themselves and the business from threats. Even simple training, like using strong passwords, goes a long way toward prevention.
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Create a Cybersecurity Plan

  • Start with policies to guide employees on how to implement important safeguards to protect the business.
  • Build a plan detailing how to respond to cyberattacks. Make the plan available in a central location, instantly accessible by everyone.
  • Communicate updates and additions to cybersecurity policies to keep everyone informed about threats.

Cybersecurity for Office Workers

Learn how office workers can identify risky behaviors, recognize common cyber threats, and take simple, practical steps to protect their business from costly cyberattacks.

View Infographic

Have a Plan. Communicate the Plan.

Request a demo to see how Grace Hill policies can help protect your business.

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