Cyber breaches are big news. Large corporations get hacked withalarming frequency, and hundreds of thousands of consumers arevulnerable. You may not think your architectural, engineering orcontracting firm is at risk, but that is simply not the case.
Building information modelling (BIM) and computer-aided design(CAD) are in widespread use. These tools, while they improveefficiency and quality, also increase the risk of a cyber-attack.There have been well-publicized cyber-attacks on solar panelinstallation contractors, HVAC contractors, manufacturers andretailers of building products, fence contractors, and many otherfirms across the industry.
Customer information, intellectual property and your firm’sfinancial information are all at risk. Social engineering andphishing scams can defraud your company of thousands of dollars.Your firm could experience damage to your reputation, businessinterruption or construction delays, and lawsuits by affectedclients.
Small businesses are increasingly atrisk
Large corporations are not the only ones affected. According tointernational cyber security and anti-virus provider Kaspersky Lab, small businessesfaced eight times more ransomware attacks in the third quarter of2016 than in the same quarter last year. The average cost of acyber-attack on a small business is $690,000, according to Ponemon Institute. Notably, theNational Cyber SecurityAlliance found that 60 percent of small businesses close theirdoors within six months of a cyber-attack.
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