Cyber Risk Exposure Assessment for Construction Companies

This document is a guide that outlines the cyber risk exposure for construction companies. It explains how new technology can enhance operational efficiency, safety, and cost management but also highlights the often-overlooked cyber risks associated with such advancements. Despite many construction projects relying on equipment that is not network-connected, the document details how hackers can exploit Internet of Things (IoT) devices, smartphones, and traditional computer systems. It emphasizes the potential consequences of compromised devices, including ransomware attacks and data breaches that could lead to legal issues and reputational damage. The guide includes a scoring system based on responses to a series of questions related to cyber security practices within the organization. The total score helps determine the level of cyber risk, categorized as low, moderate, high, or escalated risk, and suggests contacting World Insurance Associates LLC for further confirmation based on the score.