Cybercrime is a growing threat to small businesses, including contractors and specialty trades. Knowing what the tactics are and how to mitigate risks is crucial to safeguarding your company, employees and clients. Attorney Jason Kosek, a shareholder with the Anderson Kill law firm, offers his advice on how to protect your enterprise. 

What's the most important thing we should know?

Cybersecurity is a moving target, as today's most prevalent cyber threats will evolve. Construction companies face dynamic challenges in the cyber landscape and must be prepared for anything. Even a robust plan today will eventually become insufficient. Strengthening cybersecurity is as critical as maintaining a robust construction contract, as it offers numerous benefits, including protection against financial losses and operational disruptions. Construction companies should secure comprehensive cyber insurance coverage and review their policies annually to ensure they remain fully protected against evolving threats.

Besides insurance policies, what else should we review?

Contractors must understand the cybersecurity requirements outlined in their contracts with project owners, as well as specific obligations for federal contracts. Since 2016, the federal government has mandated that all federal contractors comply with NIST SP 800-171, Protecting Controlled Unclassified Information in Nonfederal Systems and Organizations.

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