Cyber Security and Risk Management

About

Construction companies are increasingly targeted by cyber criminals, from ransomware attacks that halt operations to social engineering schemes that redirect payments meant for subcontractors and suppliers. This session gives CFMA Orange County members a practical look at cyber risk in construction finance and how liability insurance fits into a broader risk management strategy. Joe Erle of C3 Risk and Insurance will walk through the types of cyber exposures contractors face, what cyber liability policies typically cover, and where coverage gaps commonly show up. Attendees will leave with a clearer framework for evaluating their own company's cyber exposure and coverage. Learning Objectives Upon completion of this session, participants will be able to: 1. Identify the most common cyber threats facing construction companies, including ransomware, wire fraud, and social engineering schemes targeting project payments. 2. Explain the key components of a cyber liability insurance policy, including what is typically covered, excluded, and negotiable. 3. Evaluate their organization's current cyber risk exposure and identify gaps between existing insurance coverage and actual risk.