Cybersecurity’s Role in Commercial Real Estate

Hitchens: “Blockchain can effectively act as a third-party verification service for buyers and sellers, which can drastically reduce fraud and reduce escrow periods.”

IRVINE, CA—The standard cybersecurity best practices that apply to any industry also apply to commercial real estate, Ten-X’s VP of data products Sheridan Hitchens tells GlobeSt.com. We spoke exclusively with Hitchens, along with Manly, Stewart & Finaldi partner Morgan Stewart; Joe Derhake, CEO of Partner Engineering & Science; Elliot Vermes, CEO of ResiModel; Norm Miller, Hahn Chair of real estate finance at the Burnham-Moores Center for Real Estate within the School of Business at the University of San Diego; David Tobin, founder of Mission Capital Advisors; Charles Clinton, CEO of EquityMultiple; Michelle Schaap, a member of Chiesa Shahinian and Giantomasi’s media and technology, construction and corporate and security practices; and Jorge Rey, director of information security and compliance for CPA firm Kaufman Rossin, about cybersecurity’s role in commercial real estate and how it is likely to change in the future. Stay tuned for a more in-depth treatment of cybersecurity and big data in real estate in the July/August issue of Real Estate Forum.

GlobeSt.com: What role does cybersecurity currently play in the commercial real estate industry, and how do you see this role changing over time?