Every progress payment is a wire fraud target.
- average wire fraud loss per incident
- $500K
- of construction firms experienced attack
- 67%
- increase in ransomware year over year
- 83%
Threats
What attackers go after
Wire Fraud & Payment Diversion
Attackers intercept payment requests and redirect funds to fraudulent accounts. High-value construction payments make every wire transfer a potential target.
Ransomware Targeting Project Data
Encrypted project files halt operations, delay timelines, and jeopardize contracts. BIM models and schedules held hostage can cascade into costly delays.
Subcontractor & Vendor Compromise
Dozens of subcontractors with varying security maturity access project systems. Each vendor represents a potential entry point into your network.
Operations
Where operations are exposed
Construction cybersecurity requires protecting distributed operations across multiple job sites, mobile workforces, and extensive subcontractor networks.
Distributed Job Site Security
Temporary networks at construction sites. Mobile devices and tablets in the field. Limited IT support at remote locations.
What we do: Secure remote access and endpoint protection for field operations
Subcontractor Risk Management
Multiple vendors accessing project systems. Varying security standards among subs. Shared access to BIM and project management.
What we do: Vendor security assessments and access segmentation
Project Data Protection
BIM models contain valuable design data. Bid information and pricing sensitive. Long project timelines increase exposure.
What we do: Data classification and access controls for project systems
How we help
Where we would start
Security Assessments
Evaluate security across headquarters, job sites, and cloud project systems. Identify gaps in vendor access controls and mobile device management.
Penetration Testing
Test defenses protecting project management systems, financial platforms, and remote access infrastructure. Identify vulnerabilities before attackers exploit them.
Security Training
Train project managers, field staff, and office personnel on wire fraud, phishing, and social engineering. Build security awareness across distributed teams.
Cloud Security Consulting
Secure cloud-based project management, BIM platforms, and collaboration tools. Ensure proper configuration and access controls for SaaS applications.
Case study
In a client's words
“We almost lost $300K to wire fraud when an attacker impersonated a subcontractor. Virtus helped us implement payment verification procedures and email security that protects every transaction.”
- wire fraud incidents since implementation
- Zero
- payment verification process
- Documented
- email security
- Implemented
Check your payment process before the next draw.
Payment verification, staff training, and vendor access reviews for firms with crews in the field.