Cinc Systems, the largest provider of SaaS-based solutions for the community association industry, has released a first-of-its-kind guide to help association management companies protect homeowner data during a time of prevalent cybercrime.
Based on extensive cybercrime research, consultation with experts in cloud cybersecurity, and customer feedback regarding their biggest concerns, “Insecurity: The Alarming Costs of Data Breaches in the Homeowner Space” was created to help any U.S.-based community association management company detect and prevent a cyber attack. In partnership with Wintrust Financial Corporation and Cloud Security Alliance, the company will also host a live event Tuesday, February 16 at Noon EST to discuss its findings and threats that affect the homeowner.
“This industry is a logical target for cybercrime,” said CINC Systems Chief Executive Officer Ryan Davis. “Not only do HOAs and COAs store sensitive homeowner data, but many use multiple fragmented software systems that can easily be compromised.” Cybercrime has surged in 2020, in part because of cybercriminals taking advantage of remote working conditions, he continued. “From a 282% increase in account takeovers to a 63% increase in never-before-seen malware variants, one should be extra cautious with their data and highly considerate of how their data is protected by their software company.”
The debut of the guide coincides with Cinc Systems launching new protections for the more than 16,000 HOAs served by its software. Such protections include multi-factor authentication, dynamic code setting and endpoint monitoring, to name a few. The firm recently became Veracode Verified, the only community association management software company to be so. Cinc Systems will continue to provide industry professionals research and guidance on cybersecurity protection as threats continue to evolve.
