Tag: Construction Industry

Construction Industry
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Raising the Bar Against Cybersecurity Threats in the Construction Industry

January 26, 20230

In today’s world, it has become increasingly clear that no industry is safe from the malicious technology of cyberattacks. With the digitalization of information and an ever-expanding online presence, companies need to take extra measures to secure their customers’ data. Throughout this post, we’ll uncover what attacks you should be aware of and what can be done to ensure your company is safeguarded and protected from cybersecurity threats.

Many companies are lagging in data security and privacy, leaving them wide open as targets. To protect themselves, companies should be aware of potential attacks – including ransomware, fraudulent wire transfer, infringement of intellectual property, and breach of bid data. The risks associated with these types of attacks can be devastating – not just financially, but also professionally for the reputations of those affected by such breaches.

Ransomware:
Ransomware events can be a massive burden for construction companies, interrupting Project processes and potentially delaying projects entirely. To protect oneself against ransomware and its full potential effects, construction companies must invest in robust cybersecurity measures and best practices.

Fraudulent wire transfer:
Over the past few years, wire transfer fraud has been an alarming risk for companies within the construction industry. Fraudsters use social engineering tactics to exploit data and divert money away from its intended destination – leaving businesses with hefty losses that can damage their reputation further down the line. Regular financial audits are essential in keeping tabs on any suspicious activity or fraudulent transactions; if detected early enough, it could prevent severe repercussions and provide much-needed peace of mind while transferring capital across industries.

Infringement of intellectual property:
All companies should take extreme precautions to protect their Intellectual Property – blueprints and schematics that can be extremely valuable if leaked. With proper security measures, a business’s reputation could be substantially protected from the misuse or theft of this data. To safeguard against such attacks, companies must stay up-to-date on the latest protection strategies to reduce risks.

Breach of bidding data:
In an ever-evolving and competitive construction industry, staying ahead of the competition requires forward thinking. Companies must be aware that data regarding their bidding strategies is a particularly valuable asset – if, in the wrong hands, it could lead to dire consequences for their success. To stay one step ahead of potential attackers, companies should work closely with a trusted internet security team or provider to ensure all firewalls are up and running as planned.

With the number of cyber threats in the construction industry rising every day, Hellman Electric is here to keep your data secure. Our team utilizes cutting-edge technology and security measures to ensure no breach occurs during any project we work on. So, if you want peace of mind that your information won’t be compromised – reach out! We’re ready and willing to answer all questions or concerns related to our cybersecurity solutions.

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Shaping the Future of Construction

September 7, 20220

The construction industry is at the forefront of innovation and technological advancement as new technologies are being developed, and more efficient techniques are replacing older rigorous methods. Due to this ever evolving landscape, it can be challenging to keep up with the latest trends. At Hellman Electric, we always have our finger on the industry’s pulse so that we can provide our clients with the most efficient and affordable solutions possible. Here are five construction trends that should be on your radar as we head into 2023. 


Smart Cities Change Industry Operation

The “smart city” concept is one of the most talked about trends in the construction industry. While the term can mean different things to different people, smart cities are generally defined as urban areas that use technology to improve the quality of life for residents. This can include everything from self-driving cars and intelligent traffic management systems to energy-efficient buildings and waste management solutions. While the concept is still in its early stages, it is already significantly impacting the construction industry due to its demand. For example, more and more companies are being asked to incorporate smart technology into their projects, which means construction companies will need to adapt if they want to be involved in shaping the future.

Connectivity Leads to Job Site Transformation

As construction companies embrace digital connectivity, they will see a transformation in how work gets completed on job sites. By having real-time visibility into machine utilization, diagnostic information, and performance, construction fleets can improve asset management, reduce fuel consumption, increase safety and improve preventive maintenance scheduling. This increased visibility and efficiency will lead to better project management and, ultimately, a better construction experience for all involved. 

 

Drone Technology Is Here to Stay 

Drones are quickly becoming an essential tool in the construction industry. Once thought of as toys, drones are now being used to survey and inspect various locations, providing significant cost savings. By using drones, construction companies can send crewless aerial vehicles (UAVs) to survey potential job sites, inspect progress on existing projects, and identify potential hazards, allowing companies to save time and money while keeping their workers safe. In addition, drones can provide real-time footage of ongoing construction projects, enabling project managers to monitor progress closely and identify potential problems early on. 

 

Tech Solutions Improve Onsite Safety

For the past several decades, hard hats have been one of the most prevalent safety equipment at construction sites. But with the increasing number of nonfatal injuries at job sites over the last several years, improved safety equipment has been called upon. That’s why we’ll see an influx of tech-enabled safety equipment over the next few years. A few examples include: 

  • A helmet from HexArmor features a Kinetix suspension system that can absorb and direct impact out and away from the neck and spinal cord. This system reduces 40% more of the impact force than other helmets.
  • Kenzen has developed a continuous health monitoring program where workers wear a small device on their upper arm to monitor core body temperature, heart rate, sweat rate, and activity level. The data feeds into an app visible to the worker and the manager to help predict and prevent workforce injuries.

 

Corporate Strategy Focuses on Cybersecurity 

With the rise of the digital age, businesses in every industry have had to adapt their practices to protect themselves against cybercrime. However, until recently, the construction industry has avoided attacks that have become common in other industries. Unfortunately, this is changing. A growing number of construction companies are finding themselves the targets of cyberattacks, and many are ill-prepared to deal with these threats. As a result, construction companies will need to take active steps to protect their data and systems from attack. To do this, they’ll need to include cybersecurity into their ongoing strategy and invest in strong cyber defense measures while educating employees on best practices.

 

As the construction industry continues to grow, it’s essential to stay ahead of the trends to remain competitive. We hope this blog post has given you valuable insights into the future and how your business can prepare for what’s to come. By following us on Instagram and Facebook, you can be sure that you won’t miss a thing regarding upcoming construction technology and methods.