In recent years, digitization and automation are more and more trending in the construction industry. A key factor in this change is Construction 4.0. That is, a concept that connects physical space with cyberspace. More specifically, digitization in all areas of a construction project. Construction 4.0 was achieved though Building Information Modeling (BIM) and provides ubiquitous connectivity giving the prospects to upgrade business activity.
Also, further factors that led to the digitization of the sector are the rapid development of technologies and communication. In addition, 3D printing in engineering, big data and the Internet of Things (IoT) have further driven digitization.
In line with the above, if we consider that there is low security awareness in construction companies to actually invest in security, it’s a consequence that hackers are targeting this industry more and more. For this reason, in this article we will analyze why a cyber security system is useful for companies belonging to the construction industry and the data they produce can be safe and sound.
Sensitive data at risk from cyber-attacks in construction companies
Due to digitization, companies are generating a huge amount of data in all areas of the business environment. Also, there is a large amount of data in all phases of a construction project, since most processes are automated. These data need to be analyzed and monitored easily by analysts and IT teams.
As a result of the cyber attack, a construction company may experience damage to its data (eg data breach, data loss). the fields can be various such as finance, business strategies, human resources and engineering. Some of this data is competitive bidding information, design specifications, engineering calculations and intellectual property (IP) information, pricing. In addition are profit/loss data, bank records, employee information and standards related to quality, safety and productivity.
Additionally, a common cyber-attack that hackers use in construction companies, is at Building Information Modeling (BIM). In this case, a lot of key project information, are compromised. It is also very likely that other project information will be corrupted. Also, they can negatively affect performance and productivity during the project.
An example of a cyber-attack is the case of OXO International based in New York. The attack took place between June 2017 and October 2018, when the company discovered a malicious code on the website, designed to steal customer information such as payment card details and addresses from the company’s checkout page. The result was that the sensitive information of a company’s customer was exposed, leading to the negative impact on the company’s reputation.
The company’s measures to address the threat were to identify and remediate vulnerabilities and reissue customer login credentials. The company also offered its customers identity tracking services though a system.
The conclusion from this article is that companies in the construction industry need to prioritize investing in security, as the threat from hackers is increasing due to the development of technology.
Logstail.com, with the advanced systems and technologies it offers, help you to have full control over the security of your systems to prevent a threat or improve a weak point. Now, you don’t have to be an engineer to set up and use a log management tool. Now you can turn your data into useful information easily and without many processes. You can increase the performance of your infrastructure or get notified of problems that may arise and take the appropriate actions. Sign-up for a free demo in order to realize Logstail’s Capabilities.
Logstail also offers a set of services required to effectively mitigate cyber-attacks. Rapid incident response and advisory, penetration testing and red team operations are designed to help our customers reduce cyber incidents. Contact us on email@example.com to get a custom quote for your business or get free advice from our team of experienced security experts.