Construction companies have a multitude of tasks to manage during the course of regular business operations. From communicating with clients to hiring subcontractors to oversee safety and compliance, these tasks are essential to growth. As a result, some equally important tasks related to cloud and cybersecurity may fall by the wayside.
Unfortunately, failure to protect vital software systems can result in costly expenses, security risks, and damaged reputation. If your construction company needs a way to outsource cloud security tasks, a managed service provider (MSP) could be the best choice.
What is an MSP for Construction?
A managed service provider (MSP) helps businesses facilitate important tasks related to technology and IT infrastructure. Although any industry can benefit from the convenience and expertise found in managed services, construction companies have unique business needs.
A managed service provider for construction companies can oversee the following activities and business processes.
Cloud file sharing – Access important files and documents from anywhere, at any time, with secure logins and portals.
Project management – Streamline the entire project lifecycle with better internal communication and more effective workflows.
Data archiving – Replace outdated paper and manual processes with digital files and workflows that are updated in real-time.
Construction cybersecurity and compliance – Mitigate incoming risks from outside threats while adhering to important industry regulations.
Cybersecurity Trends in the Construction Industry
Cybercrime rates are on the rise within the construction industry. Small firms and large corporations are both at risk, and each one is liable for any cyber security issues that happen on their watch. Leadership and staff should be aware of the following risks and learn how to take steps to prevent them.
Major hacking attempts against construction companies have been documented as far back as 2015. Some of the most notable cases involving major construction firms (Bird Construction and Bouygues Construction) took place in 2019 and 2020 respectively.
Ransomware and malware attacks are the primary methods used to target construction companies. A managed service provider can help companies spot red flags, create response plans, and prevent future attacks.
Breach of Intellectual Property
Construction companies often store confidential and sensitive data. Some of this information is in the form of intellectual property. Consider the potential risks associated with engineering plans, blue prints, and schematics falling into the wrong hands.
A suitable MSP provides expertise for securing this data and closing any vulnerabilities that exist in the network.
Internet of Things (IoT)
In the Internet of Things era, a greater number of wifi-powered devices means that there are more ways than cybercriminals can attack. When contractors move sensitive information to cloud-based servers, it’s extremely important to protect the entire ecosystem. This process should involve a thorough inspection of smart devices as a way to prevent unauthorized access.