Did you know that the Construction and Engineering Industries are some of the most targeted industries for ransomware attacks? If you are not taking the risk seriously, you are open to a host of potential issues. Both Large and Small Construction Businesses are at risk and the Construction and Engineering industries are tempting cyber racketeers because of the core processes that navigate these industries.
We’re going to deep dive into it and discuss the following now:
- What is a ransomware attack?
- What is the potential impact on your business?
- Why is Construction more vulnerable than most?
- What you can do right now to secure your business from the threat of hackers
- No Hassle Webmaster – Our secure hosting and website maintenance solution – YOUR PEACE OF MIND
1. What Is A Ransomware Attack?
Ransomware is a type of malicious software (malware) that threatens to publish or blocks access to data or a computer system, usually by encrypting it, until the victim pays a ransom fee to the attacker. In most cases, the ransom demand comes with a deadline. If the victim doesn’t pay in time, the data is gone forever or the ransom increases.
2. What Is The Potential Impact On Your Business?
Ransomware attacks are a big deal and the effects on your business can be devastating. If you do not have the correct security measures in place, you can lose critical documents, spend massive amounts of money to try to recover data, expose customer data to privacy issues/violations, spend/lose massive amounts of time in dealing with the issue, just to name a few.
Many companies think their business would never be the target of a ransomware attack. But the truth is cybercriminals have their eyes on construction businesses of all sizes and types, especially for contractors still working without enhanced security protections.
Ultimately attacks of this nature can result in damage to your reputation, and a loss of trust & credibility with your clients.
3. Why Construction Is More Vulnerable Than Most?
Construction businesses of all sizes are potentially enticing to ransomware attacks because of the core processes that navigate the industry.
- Slow but steady adoption of technology.
- Often insufficient investment in a strong IT team.
- Lack of internal training in email security, phishing scams, etc.
- Hosting solutions and file storage on-site and not-cloud-based.
- Predictable schedules make the construction industry particularly vulnerable.
4. What You Can Do Right Now To Secure Your Business?
- Talk to your team about email safety and best practices.
- Ensure that your hosting has backup capabilities.
- Speak with The Best Media.
- Ensure that you have file storage and critical functions, especially your website in a cloud-based environment and not on local drives.
Additionally, Click Here for more insights from the article from Nick Banta (Source: Construction Business Owner) with some key tips that can help construction businesses lower the risk of a cyberattack: Secure Your Construction Data
5. No Hassle Webmaster Services – The Best Media’s Best Defense For Your Business
Simply put, all websites require regular maintenance, including updates to the platform and plugins to ensure optimal performance and security from ransomware attacks.
Our No Hassle Webmaster Service provides the following solutions in regard to security:
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