IT Security Risk Management

What you need to know as a Property Manager

A condominium can be compared to a small community, committed to satisfying its dwellers by employing specially trained individuals to ensure that they are provided with the support they need at all times and under all conditions.

The condo management makes arrangements to provide its residents with a distinct degree of safety and security that they might be unable to have in a single-family dwelling. With condo staff and neighbours living within proximity, they can look out for one another, and also offer mutual support during a crisis. But people sometimes get too comfortable and are shocked when sinister things happen. Prevention is the best way to ensure all-time condo security. 

 Security Risk Management

Security risk management is the best way to protect your property against liability. It helps to identify the risks and threats facing you, your condo and its dwellers.

Understanding security threats and their interaction at an individual, organizational, and community level enables you to implement cost-effective solutions to mitigate said vulnerabilities. 

The presence of a dedicated group of property managers, security management team, condo board members, and community residents is needed to execute the risk management process. These people are responsible for examining all safety and security risks on the property, determining risks that may generate negative consequences, deciding on how to handle issues that require attention, and finally, putting those solutions into effect.

A simple risk assessment provides you with a comprehensive review of your property and all the vulnerabilities that exist. This tells you exactly how much security you need to protect your condominium, while also putting cost-effective measures in place. 

 IT Security Risk Management

In a condominium, free flow of communication is important between residents, board, staff and management. An IT security management team can offer a robust reporting feature that ensures consistent, accurate and confidential communication with the residents, board and senior management about the condo’s security posture.

Your IT team or IT management company should be able to draft a roadmap of security risks that affect your condo. You get organized documents and reports on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations and issues arising from security incidents, etc. This way, you can minimize problems by evaluating the exposures ahead of time, so that they can implement preventive solutions. 


For the success of the security program, these processes must align with the objectives of the organization; laid down security priorities and concerns. This information is presented in a manner that is visible and transparent so that individuals can make informed and precise decisions about prioritizing investments and incident responses.

Conclusively, most condo security and safety issues are directly related to overlooked building upkeep and maintenance. Inadequate or inoperable lighting, unguarded parking structures, broken doors or window locks and easily compromised entryways are an invitation to criminals and vandals.

These issues also require ongoing awareness and attention.

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