Cyberattacks are on the rise in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines. Consider the following factors contributing to this concerning trend:
- Insufficient Preparation. The majority of construction companies haven’t prioritized cyber preparedness. In fact, according to a recent study from technology company IBM, 74% of construction organizations aren’t prepared for a cyberattack.
- Increased Adoption of Technology. Many of the devices used by construction companies to increase workplace
efficiencies (e.g., asset tracking technology, machine controls and on-site security systems) are vulnerable to cyberattacks. - Desirable Data. Construction firms store large amounts of sensitive business data and personal information, making them lucrative targets for cybercriminals.
- Elevated Third-Party Exposures. Construction companies frequently work with multiple vendors or third-party contractors, increasing their cyber exposures.
Although cyber threats have become increasingly prevalent, here are steps construction companies can take to minimize their risks:
- Conduct training. Educate employees on how to recognize and respond to potential cyberattacks.
- Prioritize supply chain exposures. Identify and control cyber risks related to working with external organizations.
- Have a plan. Develop and practice a cyber incident response plan.
- Obtain proper insurance. Speak with a trusted insurance professional to secure sufficient coverage for cyber losses.
For more information on reducing cyber risks, contact INSURICA today.
This is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice.
About the Author
Share This Story
Related Blogs
Personalization Now a Baseline Expectation in Employee Benefits
In 2025, personalization has moved from “nice to have” to “non-negotiable.” Employees expect benefits that reflect their individual needs, values, and life stages. Static, one-size-fits-all plans are being replaced by flexible, modular offerings that empower employees to choose what matters most.
Fertility, Family Planning, and Parental Leave Are Front and Center
In 2025, family-building support has emerged as a defining priority in employee benefits strategy. Fertility coverage, inclusive parental leave, and caregiving support are no longer niche offerings — they’re central to how employees evaluate workplace value. As life paths diversify and caregiving responsibilities expand, benefits managers are rethinking what it means to support the whole employee.
Gag Clause Attestation Deadline: December 31, 2025
Employer-sponsored group health plans must submit their 2025 Gag Clause Prohibition Compliance Attestation (GCPCA) to CMS by December 31, 2025, to confirm compliance with federal transparency rules. This annual filing covers the 2024 calendar year and applies regardless of employer size or funding arrangement.