The construction industry is continuously moving towards digitisation, adopting advanced technology such as artificial intelligence, the Internet of Things (IoT) and Building Information Modelling software. These innovations help to automate tasks, reduce waste and improve efficiency, productivity and safety.
However, this shift also brings significant cyber-security risks. As construction companies increasingly rely on digital tools and store large amounts of sensitive data, cyber-criminals view them as attractive targets. As a result, construction businesses must take action to protect sensitive information from data breaches and other cyber-security incidents that can create financial hardship and reputational damage.
Read more in our article which outlines why cyber-criminals target the construction industry, discusses examples of common types of cyber-attacks and why they are utilised, and provides cyber-security best practices. It also examines the role of cyber-insurance in mitigating cyber-risks. Read more here
The content of this Risk Insights is of general interest and is not intended to apply to specific circumstances. It does not purport to be a comprehensive analysis of all matters relevant to its subject matter. The content should not, therefore, be regarded as constituting legal advice and not be relied upon as such. In relation to any particular problem which they may have, readers are advised to seek specific advice. Further, the law may have changed since first publication and the reader is cautioned accordingly. Contains public sector information published by the Gov.uk and licensed under the Open Government Licence v3.0. © 2024 Zywave, Inc. All rights reserved.