In July, WCOE’s Regional Director – West (Southern), Brenda Radmacher, Esq., presented an extremely timely and informative webinar regarding cybersecurity risks and best practices for construction firms. The below Practice Update highlights a few key takeaways from the presentation by Brenda, her colleague Christy Hawkins, Esq.; and industry experts, Danette Beck, Head of Industry Verticals & National Construction Practice Leader, USI Insurance Services and Michael Corcione, Partner, Global Cybersecurity & Privacy Risk Management Lead, HKA.
The construction industry has experienced an amazing evolution in recent years thanks to the rapid adoption of new technologies. While all of this new technology has the potential to make companies more productive and more efficient, it, like all new tools, also creates new risks and liabilities. The modern construction firm must be as vigilant and prepared for cyber threats as they are of jobsite dangers. The first danger to overcome, however, is the misconception that hackers are not interested in construction companies or smaller businesses. This simply is not true. Cybercriminals can now cast a very wide, indiscriminate net with…
