Cyberthreats Increase Within the Construction Industry
A recent May 2024 Kroll report highlights a worrying trend: cyberattackers are increasingly targeting the construction sector. The report underscores a doubling in incident responses for construction companies, from 3% to 6% year-over-year in Q1 2024. Experts attribute this spike to the large number of invoices and vendors in the industry, offering fertile ground for fraudulent activities like business email compromise (BEC). The mobile nature of construction work and digital onsite sign-ins present additional security challenges, making the industry particularly vulnerable to attacks.
Wasabi Heats Up the Cloud Storage Market
In the competitive cloud storage arena, Wasabi Technologies stands out by defying industry norms. Unlike its tech giant counterparts—Google, AWS, and Microsoft—Wasabi has distinguished itself since 2017 by not imposing egress fees on its users. With customer-friendly policies and an expanding base of 70,000 customers, Wasabi’s approach has set a precedent in the market. Executives from the company shared insights about their strategies and future vision, indicating that the elimination of such fees is more than a trend but part of a steadfast commitment to consumer transparency and trust.
Patriot Mobile Experiences Data Breach
A troubling security breach has hit Texas-based Patriot Mobile, a conservative-friendly cellular service provider. A reported hack resulted in the loss of a significant cache of customer information, including names, email addresses, and account PINs, marking a serious infraction of privacy and security. The breach’s scope remains unclear, but the implications heighten the spotlight on data protection within the industry, given the stringent requirement for companies to report such incidents to the Texas Attorney General within a certain timeframe. As the fallout continues, customers and industry insiders alike are awaiting Patriot Mobile’s response.
