Majority of real estate companies experience cyber attacks

12
Feb
2025
News - Majority of real estate companies experience cyber attacks #cyber security #Czech Republic #PlanRadar #report

by Property Forum | Report

In recent years, the construction industry has become increasingly digitised and project management has become more efficient. But this progress has come hand in hand with cyber security challenges, where sensitive information such as contracts, financial data or project proposals are at risk of attack, warn specialists from PlanRadar.


Cyber-attacks such as phishing, ransomware or attacks on backup files are becoming more and more common. According to a 2024 international analysis across 14 countries, the vast majority of construction and real estate companies (96%) experienced cyber attacks that involved an attempt to corrupt backed-up data, with 61% of those attempts being successful. At the same time, these attacks have far-reaching consequences – from financial losses to disruption of operations to damage to the company's reputation. The situation thus points to the imperative need to strengthen cyber security within the entire industry.

One of the key measures against these threats is multi-factor authentication, which adds an extra layer of protection beyond regular passwords. Another important step is limiting access rights. This means that specific employees should only have access to the information necessary for the performance of their work, and not to data for the entire company. Modern software platforms enable these processes to be managed effectively and offer the possibility of monitoring user activities or encrypting data.  

However, in addition to consistent backups, employee behaviour plays a significant role. Another global survey from 2024 shows that around one-quarter of organizations (25.7%) do not provide regular IT security training to their workforce. This fundamental lack of training is a critical security issue, especially for smaller companies.

In the construction industry, where one human error can mean unauthorised access to a wide range of data and information from many collaborating entities, training your employees in the field of cyber security is essential. "Cyber security in the construction industry requires a comprehensive approach that combines modern technologies with prevention and employee education. By properly setting security measures, construction companies can not only minimize the risk of leaking sensitive information but also better face the growing demands of digitisation," comments Adam Heres Vostárek, Regional Manager for the Czech Republic at PlanRadar.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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