Imagine a world where your ATM, your smart phone, your coffee shop or your airline were no longer connected to the internet. Do you know anyone who would want to go back to that world? Of course not! The benefits of instant communication, real-time weather and scheduling updates, financial transactions and e-commerce are far too valuable to just give up.
From the way the media portrays the dangers of IoT, it seems there’s only one legitimate way to protect your buildings from cybersecurity breaches – don’t connect to the internet. No internet means no smart sensor technology in your buildings however, cutting them off from almost all the benefits associated with a successful smart building journey. These include improved occupant comfort, the use of analytics for predictive maintenance and new revenue models, and cutting costs through improved building performance and process efficiency. Moreover, the mass adoption of smart building and IoT technology is already well underway in CRE; does this hardline approach really warrant being left behind by industry competitors, all for the sake of better cybersecurity?
The reality is that maintaining buildings offline was never really an effective way to protect them against data leaks, network breaches or remote tampering. The risk doesn’t lie in the smart building technology of the present and near future, but in the past three decades of outsourced maintenance and obsolete technology.
Unfortunately, it’s impossible to know how secure both smart and non-smart buildings are without a strategic and comprehensive site audit. This is for two reasons.
Smart buildings and IoT technology aren’t entirely to blame for the recent onslaught of CRE cybersecurity breaches, as these vulnerabilities are often pre-existing and undetected. If you’re not sure how vulnerable your organization is to cyberattacks, the first step should be to consider a comprehensive site audit of your building network and all systems. To find out how progressing your smart building journey can deliver airtight portfolio cybersecurity, check out part 2 of our ‘CRE cybersecurity’ series.
Talk to a smart building expert to learn more about how Switch helps portfolio managers reach their sustainability goals.
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Smart building technology is constantly evolving and improving, and there are several trends that are expected to take center stage in 2023.
When it comes to being a building owner or operator, you have a lot to balance.
