Property Management
Cybersecurity for Property Management Companies
Property management companies handle tenant personal information, rent payments, and building access systems. Wire fraud targeting rent payments and security deposits is a growing threat.
By The Numbers
$350M
lost annually to real estate wire fraud
Source: FBI
13,638
real estate BEC victims in 2023
Source: FBI IC3
75%
of property managers report increased cyber threats
Source: NARPM
Top Threats
- • Wire fraud targeting rent and security deposits
- • Ransomware on property management software
- • Tenant data theft for identity fraud
- • Compromised building access systems
- • Phishing impersonating tenants or owners
How Attacks Happen
- • Phishing emails impersonating owners or tenants
- • Fake wire transfer instructions
- • Weak passwords on property management portals
- • Compromised tenant payment portals
- • Social engineering targeting office staff
Compliance Requirements
- • Fair Housing Act compliance
- • State landlord-tenant laws
- • PCI DSS for payment processing
- • State data breach notification laws
- • Local building access security codes
Is your business exposed?
Security Checklist
- 1.
Verify all wire transfer instructions by phone
- 2.
Enable MFA on property management systems
- 3.
Train staff on wire fraud red flags
- 4.
Secure building access control systems
- 5.
Back up tenant and property data daily
Related Industries
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