Cybersecurity and Contractors

We speak and write on this topic quite a bit, so when a vendor in our space presented on this topic, we made sure to attend. Here are some of the highlights.

Construction was the most affected industry by ransomware in 2023. Only 38% of construction companies have a comprehensive cybersecurity strategy. Over 70% of companies reported experiencing an attack in the last year.

One of the challenges in construction is the high employee turnover rates which increases vulnerability. Phishing attacks, weak passwords, outdated software, inadequate data backups, and social engineering led the list of common vulnerabilities, and we concur!

Data breaches can lead to financial loss, project delays, and can negatively impact employee morale.

Be sure to get the basics right! Implement strong passwords with enforced MFA; use our managed services to stay up on security patches and maintenance; keep employees informed with our short videos; don’t share passwords! – CMW