CAGC Connect & Learn - 4/29/2022:

Cybersecurity - Increased Cyberattacks Facing Construction Businesses

Marsh and McLennan Agency

Carolinas AGC teamed up with MarshMcLennan Agency on Friday, April 29, 2022 for a presentation and open forum on Cybersecurity.

2020 and 2021 were devastating years for cybersecurity in all industries. 2022 isn’t slowing down, and in fact, we face increased threats of data breach or being victimized by common threats such as ransomware.

A recent ConstructionDive article details the variety of reasons contractors are particularly vulnerable to these threats including 

Small and medium-sized enterprises, which contractors often fall into that realm, are among the most targeted organizations, and often that is because they're especially vulnerable to cybersecurity attacks”
Raymond Monteith, Senior Vice President with HUB International Limited’s Risk Services Division

Forbes reports that with the global health and political transitions we face, we are even more vulnerable than ever and must get ahead of the threats no matter the size of your firm. That’s why Carolinas AGC teamed up MarshMcLennan Agency to discuss cybersecurity and how to be prepared for what construction companies face as these threats increase. 

Topics covered:
  • Current threats and what to watch out for.
  • How to prepare your staff to be vigilant and identify suspicious activity (on email, mobile, and social engineering tactics).
  • Case studies, responses, and outcomes.
  • Infrastructure, procedures, and insurances to have in place.

Ed LloydSpeaker:
Ed Lloyd, MarshMcLennan Agency
An experienced insurance broker with 30+ years in the industry with specialization in Executive Liability, Professional Liability, Cyber Liability, Crime and Kidnap & Ransom coverages for Publicly Traded, Private and Not For Profit National and Multinational clients.

Edward has experience of working in the insurance market in London for nearly a decade - where he specialized in Professional Liability for Construction professionals - and has worked exclusively in the US market since 2005 mainly for Marsh & McLennan companies.

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