The Downstream Effects of Ransomware Attacks in the Construction Industry
The effects of ransomware attacks on the construction industry aren't just centered on the financial losses of paying the ransom. When you consider that ransomware attacks last an average of 24 days, you can see what’s at stake: Business partners might be unable to share important plans, causing lengthy construction delays. Employees could get locked out of crucial files, and those expecting their paychecks might not see them on time.
These issues can quickly pile up and spill over elsewhere—homebuyers might be unable to close on their new homes, which could leave them scrambling for temporary housing or even losing their loan approval. Commercial projects might miss the best time to hit the market, hurting profits.
Even after paying the ransom, companies are stuck with big repair bills and have to work hard to rebuild customer trust, which isn’t easy to earn back once it’s gone.
How to Protect Against Ransomware Threats in Construction
There are two key steps construction companies can take to protect their organization from ransomware threats.
1. Educate Staff on How to Avoid Threats
Hackers are skilled at targeting unsuspecting employees with deceitful attacks that can trick them into giving up login information or crack open the door just enough to infiltrate a network or system and deploy ransomware. A knowledgeable workforce that knows how to spot these techniques is the best barrier against threats like ransomware and phishing. Huntress Security Awareness Training provides education phishing simulations It will reduce your risk by teaching your employees and teammates how to recognize a wide range of cyber threats and the steps to take when a threat is identified.
2. Trust Your Cybersecurity to Experts
Just like any other industry, construction firms must prioritize their cybersecurity efforts to safeguard themselves and their investments.[Image]A detection, investigation, and response solution like Huntress EDR is essential to your overall cybersecurity strategy. Huntress Managed EDR is fully managed by a team of security experts who monitor your environment 24/7, detecting and containing suspicious activities and notifying you only when necessary. We put the power of real human cyber expertise to work for you, so your team can focus on their day-to-day.
Don’t put your operations at risk—a cyberattack is only a matter of time. Leave the security to us so you can focus on running your construction business and all that comes with it.
Protect What Matters
