Case Studies
5Q has a proven track record of using technology and cyber security to enhance, protect, and grow commercial real estate businesses.
See the evidence below:
Industry leading practices and policies were put in place for all building management networks and property management offices.
Case Study: Building Cyber Security Overhaul
Background
A developer/owner/operator with over ten million square feet of high-profile Class-A office space had recently expanded their portfolio through acquisitions, creating a web of building management systems and loosely controlled remote access capabilities.
The Problem
As the company continued to grow, so too grew concerns over the cyber security of these newly onboarded assets. The company did not have the internal resources or capabilities to assess, remediate or monitor the integration of these new networks. Various outsourced teams had provided just as many network designs and remote access solutions. The need for an integrated, secure, and stable platform was paramount.
The Results
5Q was brought in to assess and remediate over 30 building networks and property management offices. Conducting 5Q Cyber assessments and creating Findings Reports took a little over six months. Once the full remediation scope was understood, a cohesive building network redesign was required across the portfolio to achieve the goals set forth by the company. Industry leading practices and policies were put in place for all building management networks and property management offices including managed switches, firewalls, remote access, access controls, key management, physical security controls and document control procedures.
Case Study: Building Cyber Security Assessments
Background
An investment and management company focused on
income-producing real estate in the United States expanded into a national
real estate operator with approximately over $10 billion of assets
under management including some of the highest profile,
marquis buildings in the United States.
The Problem
Corporate IT resources were focused on securing corporate networks and assets. With such high-profile buildings, the client’s senior management grew concerned over the size and attraction of their risk profile. Requiring teams with both cyber security
and real estate knowledge, the client turned to 5Q Cyber to assess their most precious crown jewels.
The Results
5Q Cyber has performed Building Cyber Security Assessments of the company’s marquis properties across the East Coast. A collection of various property types including office, mixed use (office, retail, multi-family) and data centers have been assessed totaling more than five million square feet. Risks were identified and gathered from digital vulnerability scanning, physical walkthroughs, in-person interviews, and policy reviews. Deliverables included our Findings Report which detailed 15 critical risks, 36 high risks, 58 medium risks, and 42 low risks. Along with the Findings Report, 5Q Cyber provided a Remediation Plan detailing exact steps required to remediate each identified vulnerability which simplified execution by the company’s corporate IT.
5Q's Findings Report detailed 15 critical risks, 36 high risks, 58 medium risks, and 42 low risks. 5Q Cyber provided a Remediation Plan to mitigate these risks.
5Q performed over 250 building assessments in four months, ahead of schedule.
Case Study: Building Cyber Assessments for Large Corporate Real Estate Project
Background
Fortune 10 Global Technology Leader with over 20 years of business has approximately 150 spaces around the world. A handful of these properties total over 1M square feet in cities such as Seattle, Silicon Valley, New York, and more.
The Problem
The client wanted to understand their current Americas portfolio IoT and OT cyber security state to assess gaps in property security standards.
The Results
Based on the volume and roll out plan across the region 5Q formed ten teams of two engineers to complete more than 250 building assessments in 4 months and flexed the teams as needed. The teams accomplished their original goal ahead of schedule and were given additional properties from other vendors who were behind schedule. Since the initial project, we continue to perform assessments and additional property level cyber security related work for the Client.
Case Study: Outsourcing IT Infrastructure for Large Office Owner/Operator
Background
The client company is in the Real Estate sector, primarily made up of companies that own commercial real estate properties. A large portion of the companies are structured as Real Estate Investment Trusts (REITs).
The Problem
The client had several commercial properties with several gaps in their OT/IoT Inventories as well as no current Asset Management tracking.
The Results
Client hired 5Q to perform Building Cyber Assessments for 50 sites spanning 5 countries. Cyber Assessments were performed and completed over 7 months. 5Q was also hired to provide advisory and engineering services to assist the client in identifying and selecting a vendor(s) who can provide an automated method for IoT lifecycle management across the entire client portfolio. The goal is to provide a consistent, manageable approach for secure OT/IoT asset management in a building network using industry-standard controls and best practices.