The Royal Institution of Chartered Surveyors (RICS) has warned UK businesses about increasing cyber threats to smart buildings. A recent report highlighted a surge in cyber attacks, with 27% of surveyed properties experiencing one in the last year, up from 16%. As operational technology integrates with IT systems, the attack surface expands. Outdated infrastructure can leave buildings vulnerable, leading to severe business implications such as reputational damage and invalidated insurance policies. RICS recommends adopting a comprehensive approach to digital risk management across various aspects of building operation.
The convergence of operational technology and IT systems in smart buildings has created a vastly expanded attack surface, particularly with the rise of cyber threats.
Over a quarter of UK businesses reported experiencing a cyber attack in the past year, a significant increase from the previous year's data.
Many operational technology infrastructures still rely on outdated systems, which heightens vulnerability to known cyber exploits and security threats.
Consequences of inadequate digital security include reputational damage, financial impacts, and invalidated insurance policies due to cyber attack exclusions.
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