A new section starting with this newsletter. Digital safety (aka cybersecurity) deserves it's own section. See below for reasons why...
Construction at higher risk than other industries
Here's some scary stats from Brightcloud's analysis:
- Average ransomware cost: $233,817
- 1 in 6 construction companies reported a ransomware attack in the past year (and that's only who actually reported it)
- Construction industry ransomware attacks were successful 74% of the time (vs 42.5% for other industries)
- Typical construction company lost 15 operational days due to data breach
“…construction is singled out because they tend to be cash rich and constantly under the gun to meet delivery targets. Construction companies are seen as more vulnerable and willing to pay" --Nick Espinosa, security expert
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