Data Privacy and Cybersecurity
The digitization of nearly all business processes has led to an overwhelming amount of confidential information and business data to be stored on servers and drives all over the world. While this transformation has been a net positive for all involved, home builders should be proactive in securing this data from cyber threats.
The loss of client and contractor data can lead to lawsuits and badly damaged business relationships. A cyber or ransomware attack can hit a company’s bottom line very hard. There are many things to consider when it comes to protecting data and systems.
NAHB is offering resources to help businesses in the residential construction industry keep the data of their clients, contractors, and partners safe while also protecting their own data and business systems from theft or catastrophic loss.
These resources should be used as a starting point when working with external vendors and legal counsel on a comprehensive data security plan:
Podcast Episode: Data Security and Responding to Ransomware Threats
Listen to a brief overview of how home builders should set up their data protection and cybersecurity environment and what specific steps they should take in response to a ransomware attack. Use this checklist as you go through the podcast episode.
Additional Resources and Information
- Sample Data Security Clauses for Vendor Contracts
- Top Cybersecurity Trends of 2023 - Construction Dive
- Is Your Phone Leaking Data? - National Institute of Standards and Technology, U.S. Department of Commerce
- Cybersecurity Resources for Small Businesses - National Institute of Standards and Technology, U.S. Department of Commerce
- Stay Safe from Cybersecurity Threats - U.S. Small Business Administration
- Ways to Prevent Cybercrime - Gallagher
- Cyber Training: Device Security - Gallagher
- Cyber Risk Exposure Scorecard - Gallagher
- Home Building & Data Security: What Can Builders Do to Help Protect Their Clients - Professional Warranty Service Corporation
- The Construction Industry: Easy Target for Cyber Criminals? – Wood Smith Henning & Berman LLP
- Cyber Essentials Guide for Small Business Leaders - Cybersecurity & Infrastructure Security Agency, U.S. Department of Homeland Security