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 | Nov 29, 2016
New OSHA rules to reduce fall and trip hazards
Employers can choose from a variety of fall protection systems.
Codes and Standards | Nov 29, 2016
Seattle imposes new construction regulation to address rat problem
The city ranks first in U.S. in rat population.
Codes and Standards | Nov 28, 2016
Construction groups sue New York City over crane safety regulation
The rule bans cranes from operating when wind exceeds 30 mph.
Codes and Standards | Nov 28, 2016
Marines plan first net zero energy military base
The Albany, Ga., site will have ground source heat pumps and a biomass generator.
Codes and Standards | Nov 18, 2016
Mahesh Ramanujam takes reins as U.S. Green Building Council President and CEO
Ramanujam brings his tech and business consulting background to the post.
Codes and Standards | Nov 18, 2016
Canada GBC launching Zero Carbon Buildings Initiative
First step toward Zero Carbon Building Standard.
Codes and Standards | Nov 17, 2016
Santa Monica, Calif., passes historic net-zero ordinance
Includes more stringent commercial, multifamily building standards.
Codes and Standards | Nov 14, 2016
Six more states approve legal marijuana, creating opportunities for developers
Federal prohibition complicates the picture.
Codes and Standards | Nov 14, 2016
Los Angeles voters approve billions to tackle traffic and homelessness
The approved measures will create new rail lines and permanent housing.
Codes and Standards | Nov 9, 2016
NRMCA updates environmental impacts of concrete
The EPD now includes 88 companies, 72 mixes.