A recent ransomware attack on Canadian contractor Bird Construction serves as a reminder to the industry of the importance of cybersecurity.
Canadian media reported a few weeks ago that the Ontario-based contractor was the victim of a digital incursion that resulted in the encryption of company files. There were no major impacts and the affected files were quickly restored, but the incident underscored the risks for contractors during a time when data is more valuable and relied upon than ever by the industry.
Data including employee social security numbers, building plans, and construction time frames can be exploited, resulting in legal fees and punitive damages. All organizations that collect and process this data are required to exercise measures to protect it.
Also at stake are the potential loss of client trust and competitive advantage. Damages from such events are hard to quantify, but can be substantial. A lot of construction industry leaders are not aware how valuable their data is, and fail to invest properly in cybersecurity.
Related Stories
Codes and Standards | May 23, 2018
AAMA releases 2017/2018 fenestration market studies
Offers forecasts of industry trends.
Codes and Standards | May 22, 2018
Registration open for 2018 National Energy Codes Conference
U.S. Department of Energy event to be held July 15th-17th in Austin.
Codes and Standards | May 21, 2018
New standard tests quietness of floors
ASTM International method will help manufacturers test their flooring materials.
Codes and Standards | May 17, 2018
California will require solar panels on most new homes
Projected to add $10,000 to cost of new homes.
Codes and Standards | May 16, 2018
New resources offer tips on off-site construction
NIBS documents address using pre-cast concrete, and commercial and legal considerations of modular construction.
Codes and Standards | May 15, 2018
Blast testing of loaded mass timber structures yields positive results
Four tests covered a spectrum of blast loads.
Codes and Standards | May 14, 2018
Maryland makes general contractors liable for failure of subs to pay employees
GCs could have to pay for up to three times the wages owed.
Codes and Standards | May 10, 2018
Data collection, machine learning boost building efficiency
Sensors, software algorithms squeeze out waste.
Codes and Standards | May 9, 2018
OSHA and state safety agencies write more than 100 silica citations in 6 months
Actions tending to come with investigation of other site conditions.
Codes and Standards | May 8, 2018
Powerhouse coalition builds energy positive buildings
The goal: build buildings that provide more power than they cost to build, run, and demolish.