Published April 21, 2021 Patterson, Richard. Retrieved from Flickr.
Editor s note: Phil Casto is senior vice president for risk services at Chicago-based insurance firm HUB International, and has extensive experience in the construction, manufacturing and petrochemical industries.
Years ago, a thief had to physically sneak onto a construction site in order to steal something valuable, like copper pipes or a jackhammer. Today, all that thief needs to do serious damage is an internet connection and a smart phone.
As the world has digitized and automated, it has become more and more important to protect your data. Construction businesses that adopt technology solutions from drones, with their real time monitoring and data collection, to automated onsite and back-room processes and digital tools for managing resources also leave the door open to cyber risk.