Why are construction firms a prime target for cyber criminals?

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Why are construction firms a prime target for cyber criminals?

Cyber attackers do not discriminate against industry or size and for this reason, cyber threats have become one of the most prominent risks to businesses in the modern world. What makes cyber-attacks even more dangerous is the variation of delivery methods which now include phishing, ransomware, viruses and the list goes on.

In an industry that is traditionally hands-on, with much of its business conducted offline, it is surprising to many that the construction industry is one that is most at risk of falling victim to cyber-crime.  However, as a great contributor to the GDP of the United Kingdom, construction companies are a prime target. In fact, reports from the UK government show that in 2015 there were 77,000 incidents of cyber-crime against construction companies alone.

Although the motive of some cyber-attacks is financial gain, construction businesses have also been targeted for the data that they hold. This is because the data can be valuable to cyber criminals and is often more vulnerable from a systems perspective.

Companies within the construction industry must recognise that they are as much at risk as businesses in other sectors. This means that they must consider the data they hold, how it is stored and the measures in place to protect it. Now more than ever construction companies must take action, as the General Data Protection Regulation (GDPR) became enforceable from 25th May 2018.

The GDPR replaces the current Data Protection Act (1998) and provides new rights to individuals, ensuring adequate protection of their personal data. Article 32 of the legislation states that businesses should implement organisational and technical measures to ensure the security of personal data.

With GDPR, now is the ideal time for construction firms to look at their current cyber security solutions and work with a Managed IT Services Provider to ensure that these solutions are appropriate to the risk. Eventura have worked with construction companies over a number of years and are aware of the pain points that technology can address in this industry. By working with a well experienced provider, you can be sure that an improvement in your cyber security defences will improve, rather that restrain your business operations. For advice or more information, get in touch.

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