As the move toward BIM and open collaboration gathers momentum, architects, engineers and other service providers are becoming increasingly vulnerable to cyber-attack and need to consider whether or not they should take out cyber insurance.

Cyber risks are varied in nature. Along with the well-understood areas of viruses and theft of data through hacking, there are emerging threats such as ransomware, which locks and prevents access to entire systems until demands for payment are met and access restrictions lifted. Aside from malicious activity, sensitive information…