Cybersecurity for Construction
The increased use of technology like machine learning, robotics and IoT devices has made the construction industry more efficient, but also more vulnerable to a cyber attack than it has in the past. With balance sheets at risk and the ability to submit a new bid or pay your contractors threatened, cyber security should be a more important focus for your business.
Ways a Cyber Attack could Impact Your Business
Can’t submit a bid for a new job
Can’t pay employees, contractors, vendors, etc.
Impact your reputation
Unnecessary expenses (having to pay a ransomware attack)
By adding cyber insurance to your protection portfolio, you’re transferring the cost of an attack to an insurance company. You’ll also have access to that company’s cyber expertise. Most insurance companies have resources and people to further help you build a more protect business.
A cyber attack may not stop you in your tracks,
but it will impact your profitability in the long run.
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