Tech Adoption Makes Construction Industry Top Target for Cyberattacks
Sebastian Obando, Construction Dive
Construction is the No. 1 industry hit by ransomware, according to an analysis of 1,200 companies in 35 different industries by NordLocker, an encryption software firm based in the U.K. and the Netherlands. Ransomware is a computer virus that takes over the target device until the victim pays a fee to regain access, usually through cryptocurrencies.
Industry experts said construction companies are most vulnerable to loss of funds through email communications, malware, ransomware and, most recently, "siegeware," which specifically targets smart building technology.