b'CYBER SECURITYHARD HATS AND HACKERS:THE GROWING CYBER THREATS IN CONSTRUCTIONBy Greg Chambers - Underwriting Manager, Cyber & Technology, AXA XLT he construction industry,more vulnerable to cyberattacks. The integration long associated with hardof technology with physical operationssuch hats, blueprints, and heavyas automated machinery or IoT-enabled machinery, is undergoing a digitalconstruction sitescreates new attack surfaces transformation. Like many otherfor hackers to exploit.industries, construction companiesCommon Cyber Threats in Constructionare becoming increasingly reliantWhile cyber risks in the construction industry on technology to streamline operations, improvemirror those faced by other sectors, certain efficiency, and maintain competitiveness. Thisthreats can be particularly pronounced due to the digital shift, however, comes with an array ofnature of the industry. Here are some of the most cyber risks that, if not addressed, could havecommon cyber risks construction companies devastating consequences for construction firms. face:The Digital Evolution of Construction Ransomware Attacks: In the construction In recent years, the construction industry hasindustry, a ransomware attack can halt embraced digital solutions at an acceleratingoperations entirely, leading to project delays pace. Building Information Modeling (BIM),and significant financial losses. Construction cloud-based project management platforms,companies rely on access to digital project drones, IoT (Internet of Things) sensors, andmanagement systems, design files, and other other advanced technologies are becomingcritical data. If these resources are locked or integral to how construction companies operate.compromised, the impact can be immediate and These tools offer tremendous benefits: theycostly.enhance collaboration, reduce project delays,Phishing and Social Engineering: Phishing and optimize resource management. attacks, where cybercriminals trick employees However, as construction companies becomeinto revealing sensitive information or more digitally connected, they also become 10 www.mrca.orgMidwest Roofer'