Construction

Construction companies have access to a wide range of information that may be desirable to competitors. A company’s intellectual property, as well as corporate banking, are prime objects. Data breaches, along with corporate fraud, reduce profit margins.

Construction business faces many internal risks, such as:

  • Data breaches
  • Systems malfunction
  • Supply chain failure
  • Client attrition
  • Employee turnover
  • Financial losses

FIND OUT HOW WE PROTECT CONSTRUCTION COMPANIES FROM INTERNAL CORPORATE RISKS. LEARN MORE:

Construction companies struggle to safeguard at-risk data and comply with laws and regulations that are applicable to the construction industry. Designs, technology, day-to-day transactions, and client databases will become public without proper internal control.

A construction company can improve internal control through:

  • Monitoring
    • Compliance with legislative requirements
    • Client contracts
    • Tender documentation for construction projects
    • Projects and estimations
    • Information on building sites
    • Occupational safety documentation
  • Detection
    • Purchase of expensive low quality goods
    • Communication with competitors
    • Purchase of poor-quality materials as a result of bribery, payoffs or negligence
    • Illegal business arrangements and corrupt practices
    • Communication with ex-employees
    • Gamblers, debtors, addicts and other risk groups