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In today’s digital construction landscape, cyber threats pose as much risk to your business as physical hazards.
With Brisbane construction companies facing a 42% increase in cyberattacks since 2023, protecting your digital assets isn’t just important – it’s essential for survival.
Recent data paints a concerning picture for Brisbane builders:
| Threat Type | Impact | Industry Average |
|---|---|---|
| Ransomware Attacks | $264,000 per incident | 3x higher than 2023 |
| Project Delays | 68% linked to cyber incidents | 42% increase YoY |
| Data Breaches | 600GB average data loss | $4.03M recovery cost |
Construction businesses are increasingly attractive to cybercriminals because of:
Recent example: The Lynx ransomware gang breached Sydney-based Novati Constructions in January 2025, exfiltrating contracts, financial data, and incident reports1. While operational impacts remain undisclosed, such attacks typically cause:
Protection Required:
Novati’s breach highlights the critical need for layered defences. Lynx employed double extortion tactics, threatening data leaks unless payments were made1.
The rise of BIM has created new vulnerabilities:
| Protection Type | What It Covers | Why You Need It |
|---|---|---|
| Breach Response | Investigation & legal costs | Required by Privacy Act |
| Business Interruption | Project delay costs | Protects profit margins |
| Cyber Extortion | Ransom & negotiation | Increasingly common |
| Third-Party Liability | Client data protection | Contract requirement |
✓ Conduct system audit
✓ Map digital vulnerabilities
✓ Train key personnel
✓ Secure mobile devices
✓ Update access protocols
As Brisbane’s construction insurance specialists, we offer:
For Brisbane builders, costs typically range from:
While not currently mandatory for all builders, it's required for:
Standard exclusions include:
For most builders:
For more inquiries, visit our FAQ section or Contact Us directly for personalised guidance.
Don’t wait for a cyber incident to test your protection. Contact iBuild Insurance for:
📍 Po Box 7180 Brendale Qld 4500
🌐 Get an instant cyber protection quote
In today’s digital construction environment, cyber protection isn’t optional – it’s essential. Let iBuild Insurance help you build a digital security framework that protects your projects, your profits, and your reputation.”
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