Unintended Consequences: Cyberterrorism and Real Estate

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The world just got notably more uncertain in the past 72-hours with the greatest cyber attack the world has ever seen.

Any business operating on Microsoft Windows is now a target, and this has been the topic among the wealthiest people I know in Greenwich and New York City circles. At conferences, special speakers are rolled in to discuss this and how to protect oneself.

However, for the general population, this is in fact how the next war will be fought—cyber attacks across our vulnerable properties.

While the mainstream news media has been obsessively focused on North Korea, and other domestic political soap operas, the majority of the population at large is at massive risk.

Just as the World Trade Center was the trophy target for the 9/11 hijackers, so too are the 17 trillion dollars in digital assets held by your 401(k) and IRAs.

The new target is the stock exchanges. NYSE and NASDAQ. And the efforts to attach this will be relentless and tireless.

Some of us have seen this happen already, specifically here, here, here again, and here too.

Although not widely circulated among the news for obvious reasons, the hits are getting close and closer to the average American with a bank account or a retirement account.

So what does this mean for you and how do you play it?

Investors are looking to be insulated from risk. Today people are looking for wealth appreciation, they need to really be worried about wealth preservation.

The biggest threat to global wealth and savers today is the increasing frequency of cyber attacks.

No one is immune.

Imagine one day you wake up and your 401(k) or your IRA has $0 in it. Don’t think that could happen? Try again. The whole stock market is digital and is the trophy for those cyber terrorists in foreign countries like North Korea, who train and reward their successful hackers the same we do celebrities here in America.

And unfortunately, most people’s stocks and mutual funds are not insured nor are they secured.

However, commercial real estate will be.

And I expect more interest in this asset class as people are looking to insulate themselves from the risk of losing whatever they have that is measured digitally, with 0’s and 1’s.

This is the beginning of the dawn for mom and pops retail investors to move into real estate via partnerships, and syndications.

If you’re savvy and driven, you’ll focus on learning how to spot opportunities and how to raise money.

Just as I called Trump would be elected here, and interest rates will never rise in yours or my lifetime, I’m will tell you it’s a matter not if, but when a cyber attack will be placed onto your local savings bank in Small Town, America.

The powers that be in the media will never talk much of this, as it doesn’t sell tickets as much as a Red v. Blue divide. News networks are a business of course, and now that the windfall of election media buying frenzy has ended, they need generate revenue.

Only fools believe that news entities are fiduciaries who have an implicit responsibility for telling Americans the truth.

Don’t be a fool.

Read the full write-up here: Hospitals Across England Go Dark After Massive “Cyber-Attack”; Hackers Demand Ransom

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Salvatore M. Buscemi
A former investment banker for Goldman Sachs in NYC, Sal is one of the nation’s leading authorities when it comes to investing in residential and commercial real estate. He’s raised over $50 Million in capital for his real estate hedge funds.

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Salvatore M. Buscemi

About Salvatore M. Buscemi

A former investment banker for Goldman Sachs in NYC, Sal is one of the nation’s leading authorities when it comes to investing in residential and commercial real estate. He’s raised over $50 Million in capital for his real estate hedge funds.
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