Why Cyber Should be Higher on Contractors' Risk Agendas
Rarely does a week go by without a cyber incident making headlines. According to the World Economic Forum’s 2018 Global Risks Report, cyber and data privacy and security threats are the leading risks facing companies operating in North America. The simple truth is that cyber risk is industry agnostic and any business that relies on technology can suffer a loss.
Contractors, like most all other organizations, rely on technology to do business. That can be a source of strength, but any breach or technology interruption that disrupts critical workflows and operations can lead to substantial losses for contractors and other project stakeholders. Although it’s difficult to remove that risk, contractors can create effective cyber risk management programs to reduce it and secure robust cyber insurance coverage to protect against potential losses.
Read our report to learn more.