The Expert Podcast

Builders Under Siege: Cyber Attacks on General Contractors


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Introduction to Cyber Risks in Construction:

  • Cyber attacks can impact any business, including construction companies.
  • Even if you're not a tech company, you may be at risk.

Real-World Example:

  • Recent cyber attack on CDK Global affected 10,000-15,000 car dealerships.
  • Demonstrates how cyber attacks can disrupt operations and revenue.

Potential Impacts on Construction Companies:

  • Vendor and supplier disruptions.
  • Software used for design, layout, payroll, and accounts receivable could be compromised.
  • Delays in construction projects and missed deadlines.
  • Issues with accessing funds or meeting payroll.

Importance of Cyber Defense and Insurance:

  • Seek advice from cyber defense experts and insurance brokers.
  • Consider standalone cyber liability insurance policies.
  • Avoid relying solely on low-limit add-ons to existing policies.

High Probability of Cyber Risks:

  • Cyber attacks pose a higher risk than traditional physical damages like fire.
  • Necessary to protect your business from potential cyber threats.

Expert Consultations Available:

  • Access live, one-on-one consultations with licensed experts in various fields.
  • Licensed private investigator, commercial insurance broker, real estate title examiner, civil court mediator, and general contractor available for advice.
  • Visit actualhuman.com for more information and to schedule consultations.
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The Expert PodcastBy Various