In construction, cyber risks may not seem like a relevant issue. The construction industry may not seem like an obvious target of cyber criminals compared to industries like healthcare, retail or technology. Ransomware attacks often focus on companies that will be immediately impacted by the disruption caused by the attack. Construction companies are likely being targeted because of their limited awareness of cyber risks and their lack of cybersecurity.

Ransomware can cause a substantial interruption to the complex supply chain of construction projects. And as attacks become more sophisticated, ransom demands have gone up drastically. In fact, it is not uncommon to have ransom demands in the range of several millions of dollars.

What can construction companies do to protect themselves from cyber threats?

Everything has to start with cyber risk awareness and understanding what the financial impact can be to the business in the event of a successful attack. Social engineering continues to be an integral part of many attacks because it is the path of least resistance.

Learn more about Why Construction Companies Need to Worry About Cyber Risks below.

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