RISMedia's Real Estate Magazine

SEP 2017

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/864801

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Page 34 of 118

30 September 2017 RISMedia's REAL ESTATE I n its latest broker-targeted educational event, the National Association of REALTORS® hosted the Broker's Edge in Midtown Manhattan this past July. The one-day event featured high-level keynote speakers covering a range of issues from cyber security to economic predictions, and panel discussions focused on strategies for recruiting, technology, global expansion and the future. The event kicked off with a special presentation by the First Secretary of the U.S. Department of Homeland Security and former Governor Tom Ridge. According to Ridge, while global terrorism is a permanent risk that needs to be managed, not enough attention is paid to the risk he refers to as "the digital forever." With 80 per- cent of the population expected to be connected to in- ternet devices by 2020, threats related to cyber security will only increase. "The internet offers the potential for good, but that same access creates a perilous and uncertain future as well," said Ridge. "The internet has no geographic or po- litical boundaries—the same quality that makes it such a powerful tool is also the quality that makes it a means for mischief, misuse and peril." Whether we realize it or not, real estate is a digital industry, said Ridge, encompassing a "treasure trove" of valuable non-public, private information. Ridge advised brokers to put a cyber security and breach policy in place, and to teach employees and agents about "digital hygiene," including using a secure third-party transaction network to communicate with cli- ents, and installing an antivirus monitoring service for your software. "It's about people, process and technology," said Ridge. "Manage that risk before it manages you." Gaining an Edge in NYC NAR Brings Broker Event to the Big Apple by Maria Patterson

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