Strategies for mitigating cybersecurity challenges to fund management in the digitalized real estate industry
1 Department of Criminal Justice, College of Public Affairs, University of Baltimore, Baltimore Maryland, USA.
2 Business Administration (Accounting), Fenimore & Fisher College of Business, Oral Roberts University, United States.
3 Dept. of Information Systems and Analysis Lamar University Beaumont, Texas, USA.
4 School of Architecture Design and the Built Environment, Nottingham Trent University, UK.
5 Department of Educational management, Faculty of education, University- Ekiti State University, Ado Ekiti, Nigeria.
6 Department of Communications, University of North Dakota, Grand Forks, USA.
Research Article
Magna Scientia Advanced Research and Reviews, 2024, 11(01), 385–398
Article DOI: 10.30574/msarr.2024.11.1.0061
Publication history:
Received on 01 April 2024; revised on 18 June 2024; accepted on 21 June 2024
Abstract:
Fund management (FM), a critical managerial aspect of the real estate (RE) industry, is increasingly threatened by cybersecurity challenges. This study examines the challenges and proposes technology-based and conventional (non-technology-based) strategies for mitigating them efficiently and sustainably, emphasizing the application of the former. The study relied on secondary data besides participant observation and introspection on experiential learning. Qualitative method was employed. Systematic review and content and thematic analyses were deployed for synthesis and analysis of data. The analysis shows that artificial intelligence (AI), smart technologies, new media and other 21st century cutting edge technologies have the capacity to significantly mitigate the cybersecurity challenges confronting FM in the RE industry. The study concludes that as the challenges increasingly emerge with the digitalization of RE, viable conventional and technology-based strategies should be devised and deployed significantly to mitigate them. By so doing, digitally secured financial transactions, effective FM, cash flow control, market stability, profit maximization, etc. would be attained at a high extent.
Keywords:
Strategies; Mitigating; Cybersecurity challenges; Fund management; Real estate
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0