Emerging Cybersecurity Concerns for Real Estate Companies
The controversies surrounding the acquisition and ownership of the Embakasi Ranching Property brought to the fore the importance of maintaining integrity of data in any company, and more importantly for real estate companies because of the emotive and permanent nature of land and landed property. Some of the plots were said to have been allocated to more than three different people. It took the intervention of Faridah Karoney, the Lands Cabinet Secretary, to bring some light to the matter, albeit for a short period. The cleanliness of the register is still in doubt, with some of the ‘members’ accusing the authorities of listing fraudsters to benefit from the titling process. Whether this will end the decades of misery of the real owners of the 24,000 acres is a matter that the 3500 shareholders and the public in general, will have to wait and see how it pans out.
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