Construction industry ‘particularly vulnerable to cybercrime,’ Northbridge warns

According to Canadian Underwriter, large and small construction contractors are vulnerable to cyber crime, with “smart” building devices and lucrative engineering drawings in particular presenting vulnerabilities, Northbridge Insurance warns.

“Major advancements in digital connectivity have left the construction industry particularly vulnerable to cybercrime,” Northbridge said in a recent post on its blog site. “Remotely accessible systems, like Building Information Modeling (BIM), project management software, and autonomous vehicles can create more opportunities” for cyber criminals to breach a construction firm’s cyber defenses, the Toronto-based insurer added.

“The digital revolution is a double-edged sword for construction companies,” Northbridge stated in the blog, New cyber risks in the construction industry, posted Sept. 7.

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SOURCE Canadian Underwriter