The size of the global construction market reached $7.3 trillion in 2021. This figure, along with the vast amount of sensitive data that construction companies possess, is the primary reason why businesses in this industry are increasingly falling victim to phishing and ransomware attacks.
Construction is the number-one industry targeted by ransomware attacks, according to a NordLocker analysis of 1,200 companies in 35 industries around the world that were the victims of cyber extortion between 2020 and 2021.
The possibility of network compromise has especially increased with the global transition to remote work in the aftermath of the Covid19 pandemic. The attack perimeter extended to remote employee networks, which are a blind spot for security teams. Every device used by a remote worker to access corporate assets is now a potential gateway for criminals into the company's IT ecosystem.
