Category Archives: cyber security

Protecting Association Data from Cyber Crimes

In our last blog we examined the physical security needs of homeowners associations and how screening, communication, surveillance, and access limitations can bring peace of mind to homeowners. This week, we are looking at some of the steps an HOA and Condo associations can protect their communities from cyber crimes.

Think about all the information that a condo association has at its fingertips. The data kept for Board of Director purposes and billing purposes may include each homeowner’s name, address, phone number, email, bank check routing number, tax information, credit card number, and probably social security number.

Given the scope and depth of the data that a homeowners association has, it would stand to reason that there would be many layers of security to protect that data. Unfortunately, many HOAs do not have the resources to protect sensitive data as they should.

Knowing that defenses may be down in a small business like an HOA, hackers have been known to attack in some common ways. Here are a few questions to consider when arranging your HOA cybersecurity measures.

Who should have access to the data?

Cyber experts believe that HOA boards should determine exactly who can gain access to sensitive data and who will not be given access. Keep the list of people who will have access to only those who will need it to deal with finances and condo owner issues. In addition, HOAs should limit where the data can be accessed. Unfortunately, an association’s odds of falling victim to a successful data breach increase every time someone downloads association information and stores it on their personal computer.

 

Is there an IT consultant who can help?

Every HOA should have an expert they can call upon when there are questions about things like firewalls, dual authentication, passwords, backups, and how to maintain security for the HOA server. An HOA can hire IT experts on a full-time basis, or as contractors. This person can train personnel as to what to look for in suspect or malicious emails, viruses, and security breaches.

 

What type of cyber insurance does your HOA have?

Board members for your HOA should routinely check with their condo insurance broker about the community’s potential cyber risks and what type of cyber insurance coverage may be appropriate for your association. Known also as cyber liability, cyber risk, or data breach insurance, this type of liability insurance protects the HOA in the event of data breaches, viruses, network attacks, computer theft, and other losses or compromises of the HOA’s computers, network, or websites.

Cybercriminals only need to see a small vulnerability to make their way into your HOA data. Do you have a strong security protocol for your association? For more information contact Thayer & Associates, Inc., AMO at 617.354.6480 or visit our website.

 

How Secure Is Your Homeowners Community?

New England, and Boston in particular, is a pretty safe place to call home. Unfortunately, no community is immune to crime. Burglars are always looking for vulnerabilities and cracks in security systems to infiltrate and take advantage. This is true in single-family residences, apartments, and condos as well. Security, therefore, is one of the main tasks of a solid homeowners association.

If you live in a condo in the Boston area or in the surrounding communities, how secure do you feel your condo association is? Do you feel safe walking at night, visiting common areas, or navigating the parking lot? These are all things that can point to good security within an association. Let’s take a closer look at some of the security protocols your association can and should be maintaining for the safety of all who live in your community.

 

Smoke, Fire, and CO

It is imperative that an association understand and maintain these three security practices when designing and building a condo complex. It is the board’s duty to maintain, repair, and replace common area security for smoke, fire, and carbon monoxide detection. Compliance for these fundamental security steps is mandated both locally and federally.

Screening Vendors

Most condo associations have common areas that are maintained by outside vendors. For example, vendors are used to maintain elevators, landscaping, pools, gyms, and gardens, as well as to paint, and repair the exterior areas. HOAs should regularly screen the vendors to make sure they have the proper permitting, licensing, and insurance. Many HOAs make it a policy to inform owners when a vendor will be on the property and for what reason. This screening and communication can give owners a sense of security when they find repair personnel around the grounds of their building.

 

Access and Surveillance

No one likes a security camera watching them at every turn, but they are a big deterrent for criminals who do not want to see their crime on the nightly news or social media. Surveillance cameras can be a great deterrent in both interior and exterior common areas. In addition, many HOAs have access keypads that make common areas accessible to only community members. Include well-lit walkways, driveways, and ancillary parking lots and condo owners will have peace of mind when they are at home.

What are some of the security protocols that your association uses? What protocols do you feel are missing. Join in the conversation in the comments below. The next blog will take a closer look at digital security for association data. If you have questions about security in your HOA, call Thayer & Associates, Inc., AMO at 617.354.6480 or visit our website.