Because everything is digitized, sensitive online information is subject to a cyberattack. Cyberattacks are “an attempt by hackers to damage or destroy a computer network or system,” according to Google.
This warrants serious concern for homeowners associations that digitally systemize resident information, including full names, current and former addresses, social security numbers, credit history, and contact information.
On top of sensitive resident information, most homeowners associations keep important HOA financial documentation on an digital system. From HOA fees to contractor paychecks to annual taxes, HOA finances would be a big loss.
What information do cyberattackers want?
Hackers are looking for personally identifiable information (PII) to sell on the “dark web.” The dark web is a digital black hole for stolen identities, fake passports, and other illegal activities. This means that resident information is in-demand currency.
If a cyberattack occurs in your HOA community, PII of former and current residents is at risk. This puts your community at a liability, and you in a courtroom.
What are common cyberattack methods?
The most common method of a cyberattack is an email scam like phishing. This is “the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information, such as passwords and credit card numbers,” according to Google.
With the help of All Property Management, here’s a recap list and a few new tips for the best cybersecurity for HOAs:
HOA Board Member Training
Software & Data Measures
If you feel that your HOA could use a little more attention when it comes to Cyber Security, we're here to help. Let's schedule some time to discuss. Evolution Networks
Evolution Networks has been serving the South Florida area since 2003, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses. It's always been our goal to provide enterprise-level IT practices and solutions to the small business sector, with small business prices. Our experience has allowed us to build and develop the infrastructure needed to keep our prices affordable and our clients up and running.
We partner with many types of businesses in the area, and strive to eliminate IT issues before they cause expensive downtime, so you can continue to drive your business forward. Our dedicated staff loves seeing our clients succeed. Your success is our success, and as you grow, we grow.