Kilroy Realty Executive Says Education Key to Effective Cybersecurity

Michelle Ngo, senior vice president and treasurer at Kilroy Realty Corp. (NYSE: KRC), joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California.

Ngo commented on cybersecurity matters and noted that Kilroy is “seeing the gamut” of issues, including fraudulent internal emails asking employees to wire funds to specific bank accounts.

“Education and awareness is certainly the key to combatting all these schemes and plans,” Ngo said.

Ngo also said Kilroy is evaluating several treasury systems, following a migration to a new accounting system a few years ago. She noted that the new accounting system has helped reduce the use of Excel spreadsheets and manual calculations.

Meanwhile, Ngo said cash flow reporting is a big focus of the treasury workstation platform. The company is keen to house all of its cash flow data within one system, she said.