Like electric grids, the construction sector relies on interdependent digital technologies, thus exposing its operations to high risks of cyberattacks. Malicious intruders could have the ability to modify architectural plans, causing significant delays, unforeseen costs, and security challenges.
Beyond the classic extortion via data ransom, the motivations of these cybercriminals are often more obscure than they appear. While you attempt to recover or restart your activities, these cybercriminals are selling your stolen information on clandestine digital markets, like the darkweb.
Additionally, the consequences may also include:
Loss of Intellectual Property: Construction plans, innovative work methods, and other intellectual properties can be stolen, resulting in a loss of competitive advantage.
Client Confidentiality Breach: Sensitive client information can be exposed, leading to legal disputes and regulatory sanctions.
Disruption of Equipment and Software: Attacks can disable or damage important hardware and software, thus hampering daily operations and project progress.
Virtual Sabotage: Hackers can manipulate data and plans, leading to costly and potentially dangerous construction errors.
Deterioration of Partner Relationships: Trust between the company and its suppliers, partners, or subcontractors can be eroded, affecting future collaborations.
Organizational Stress: The entire organization can experience significant stress, affecting employee morale and productivity.