Because of the quantity of business interactions now done online, cyber attacks are inevitable in today’s digital world. In fact, according to a recent Harris Poll, over 60 million Americans were victims of security breaches like identity theft in 2018 alone. Companies and individuals of all kinds fall prey to phishing, malware attacks and other types of cyber attacks—including the construction industry.
If you own a construction company, you could be one misstep away from a drained bank account, your private information being stolen, or other types of cyber attacks.
This example touched the construction industry directly: while St. Ambrose Roman Catholic Church in New Brunswick, Ohio was undergoing a $5.5 million construction renovation, a $1.7 million payment to their contractor was intercepted by cyber criminals. Although the FBI is now on the case, the outcome of the breach is still up in the air.
If you own a construction company, you could be one misstep away from a drained bank account, your private information being stolen, or other types of cyber attacks. Here’s how you can defend against them.
Take the time to educate your employees.
When you run a construction or field service business, you put a lot of trust in your employees—from giving business-related email addresses for workers and lending employees devices to use, such as company phones and tablets, to workers signing in to your social media accounts. Even if you have the savviest workers around, your data is at risk any time they have access to it.
This is why educating your employees on the do’s and don’ts of cybersecurity can go a long way when it comes to safeguarding your company against hackers. Here are some best practices for them to learn:
- Don’t open email attachments from unknown people while on any company device or while logged into your company email—these could be phishing emails
- Only log into secure Wi-Fi networks while on company devices
- Change passwords on a regular basis
- Make sure passwords are secure by including a combination of capital letters, lowercase letters, numbers, and non-numerical symbols
Your company is only as safe as the actions taken by your employees. By equipping your employees with the knowledge needed to keep your business safe, you’ll be setting yourself up for long-term success.
Choose the right cybersecurity partner.
The safety of your company’s finances, private information, records, data and more isn’t something you should gamble on. This is why it’s so important to only invest in trusted tools, services, and partners with a solid track record. Whether you’re a small business owner or the project manager of a large enterprise construction company, there are services out there tailored for you if you’re willing to shop around.
Even if you have the savviest workers around, your data is at risk any time they have access to it.
For starters, the key players in the field of cybersecurity are Symantec, McAfee, and FireEye. Take the time to explore which option is best for your particular situation. If you choose to look outside of these three, try researching on TrustPilot and Software Advice, which provide insightful reviews on a wide variety of tech solutions.
Only invest in secure third party tools.
No matter which third party tools you use to run your business, making sure these vendors take your data security seriously can dramatically decrease the likelihood you fall victim to a cyber attack while using them.
There are a few places to start when it comes to checking how secure your third party tools are. First, examine customer reviews on the platforms mentioned above (TrustPilot and Software Advice), the iTunes App Store, and similar sites. Second, you can type the company’s name into Google along with the phrase “privacy leak” or “security breach” to check if they’ve had any recent run-ins with hackers. Lastly, take the time to quickly read through the company’s Terms and Conditions to see if and where they sell your personal data to advertisers.
In today’s digital marketplace, some businesses getting attacked by cyber criminals is, unfortunately, inevitable.
At ExakTime, we take the privacy of our customers extremely seriously. This is why we never collect any data off the clock. Most importantly, all your ExakTime data is stored in our secure cloud, Microsoft Azure, software trusted by 95% of all Fortune 500 companies—so we are giving you the best security the internet can provide for your company’s payroll and time and attendance data. With all the third parties you decide to invest in, be sure they exhibit the same core values.
In today’s digital marketplace, some businesses getting attacked by cyber criminals is, unfortunately, inevitable. While there may not be a surefire way to protect your company from all hackers, there are proven steps you can take to decrease the chances it happens to you.