From Cyber Attacks to Digital Revolution: NFB Contractors’ Perspectives on Construction Industry Trends

The National Federation of Builders (NFB) recently conducted a non-scientific research study during their Construction Summit Conference in April 2023. The study aimed to gain information on contractor perception and behaviour regarding digital transformation and cyber security in their businesses. This first publication in the NFB’s ‘Technology, Digital and Data’ series aimed to provide valuable insights and resources to NFB members.  In other words, it is to assist them in navigating the challenges and opportunities presented by technology, digitalisation, and data in the construction industry.

Very much aligned with our company mission and vision, the series reflects the NFB’s commitment to supporting its members.  It actively promotes the advancement of the construction industry in the digital age.

We’re here to share the key findings from the research, shedding light on the contractors’ experiences in their digital transformation journey and their approach to cyber security.

The motivation behind undertaking digital transformation is primarily driven by the desire for competitive advantage.

Concerningly, 20% of contractors were unaware of whether they had experience any cyber threats in 2022. This demonstrates a lack of awareness about cyber security incidents within their organisations.

Approximately half of the contractors reported having a senior person accountable for cyber security.  This finding implies a growing recognition of the importance of leadership in this domain.

One in three contractors confirmed assessing cyber risks on a monthly basis, which has set out a proactive approach to identifying and mitigating potential threats.

This data suggests that the majority of contractors have embraced digital transformation and are reaping the benefits, while some are not fully recognising the importance of cyber security.

This report highlights that we need to think about the awareness of cyber policies and the need for more widespread adoption of Cyber Essentials certifications. innDex, much like the NFB remains committed to supporting its partners in navigating digital transformation and enhancing cyber security within their businesses.