The construction industry is embarking on a period of rapid
digitization, with technology increasingly being embraced
both for project modeling and day-to-day operations.
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More broadly, the construction industry
is embarking on a period of rapid digitization,
with technology increasingly being
embraced both for project modeling and
day-to-day operations. A 2016 survey found
that construction companies planned to
invest five percent of their annual revenue
into digital operations solutions in the coming
years. Three specific technologies –
building information modeling, geographic
information systems and integrated project
delivery – are quickly becoming cornerstones
of the industry. And construction
equipment and control systems are expected
to become increasingly automated in the
years ahead.
These and other technological advancements
will help the industry become
increasingly efficient but can also make
construction companies more attractive
targets for cyber criminals looking to steal
data, ransom systems or otherwise disrupt
companies’ operations. Virtually all companies
in the construction industry rely on IT
networks, software applications and data to
maintain general business activities, from
payroll and order processing to marketing
and communications.
Other industry characteristics can present
risks as well. For example, the construction
industry’s workforce is fluid; many
construction industry employees work
in the field – using laptops, smartphones
and tablets – rather than traditional office
environments. The reliance on subcontractors
can also present unique challenges,
including training. Moreover, the completion
of any project typically involves dozens
of companies and their employees and the
sharing of vast quantities of confidential
data, including bids, blueprints, employee
records and financial information.
These and other factors translate
to several potential cyber risks for
contractors, including:
•• Business interruption stemming from
technology disruptions, via ransomware
and other forms of malware:
Such attacks, as seen in the WannaCry
and NotPetya attacks of 2017, can have
devastating effects and typically do
not spare companies in any industry.
A multinational manufacturer of construction
materials, for example, lost
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