Ransomware in the Construction Industry

In 2020 the Construction Industry has seen a significant increase in ransomware attacks. It is a low effort/high reward activity that in 2021 is expected to take place every 11 seconds and cost businesses $20 billion annually. Construction companies, with thousands of files distributed across a myriad of applications, and with employees, subcontractors, and partners scattered across numerous job sites, are especially vulnerable. With razor thin margins you can't afford the downtime associated with ransomware or the cost of paying the ransom.

The average ransomware attack causes 15 business days of downtime whether you pay the ransom or try to restore from a backup. In that timeframe, businesses lose around $8,500 per hour due to ransomware-induced downtime.