Practically every aspect of business depends on IT. However, this growing dependence has often happened without fully considering the new and evolving risks we now face.
George Wood, Director at ToraGuard, joined an episode of The Building Podcast to offers insights into the critical importance of managing cyber risk within the construction sector.
George highlights the risks posed by the sophisticated IT systems integral to our daily business operations, and how if unmanaged these systems can become gateways for fraudsters intent on stealing information, money, and damaging reputations.
While computer systems have needed protection for many years, many organisations still neglect even the most basic cyber security measures. This vulnerability extends beyond your internal systems—employees, suppliers, and stakeholders form a connected ecosystem that can mask cyber threats, allowing fraudsters to strike when you least expect it.
As such, the podcast explores key risks facing modern construction businesses and shares practical, cost-effective strategies to mitigate these threats effectively. He provides strategic guidance on the simple steps and tools every business leader should implement to reduce exposure to fraud.
The episode also delves into the importance and strategic advantages of cyber insurance, providing an essential overview for those who may still underestimate the value of comprehensive cyber protection.
The construction industry faces unique cyber security challenges due to its extensive use of third-party contractors, interconnected supply chains, and remote project management tools. These factors increase vulnerability to cyber attacks, potentially compromising sensitive project data and disrupting operations.
ToraGuard addresses these challenges by implementing a range of defensive solutions ranging from intrusion detection protocols and comprehensive risk assessments to secure communication channels and data exchange methods.
ToraGuard also assists construction firms in adhering to industry standards and regulations, such as GDPR and ISO 27001. We offer employee training programs to enhance security awareness and develop incident response plans to ensure swift action in case of a breach.
Listen to The Building Podcast and equip your business with the knowledge and tools you need to safeguard your business and navigate the cyber risks of the digital age confidently.
Find it now now on Spotify and Apple Podcasts:
To discuss more about cyber security expertise for the construction industry please get in touch:
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In the ever-evolving landscape of cyber threats, small and medium-sized investment management firms in the UK are under increasing pressure to bolster their cyber security measures.
Cybercriminals are becoming increasingly sophisticated, leveraging advanced tactics to breach corporate networks. As a result, traditional perimeter-based security models are no longer sufficient.
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