---
title: AEC- Industry Brief
description: In this document, we discuss the findings as to why AEC companies are twice as likely to be hit by ransomware, what actually transpires when one gets hit by ransomware, and what AEC firms can do to address this issue.
image: https://www.nubeva.com/hubfs/Understanding%20Ransomware%20in%20AEC%20Industry%20Thumbnail.png
---

# Understanding Ransomware in AEC Industry

 In this document, we discuss the findings as to why AEC companies are twice as likely to be hit by ransomware, what actually transpires when one gets hit by ransomware, and what AEC firms can do to address this issue.  We thank Eric Quinn, CIO of C&S Companies, and Andy Knauf, CIO of Mead and Hunt for their detailed insights into AEC firms, along with several Nubeva IR partners in discussing the detailed process of going through a ransomware event.

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[ Download the Brief ](https://www.nubeva.com/hubfs/Understanding%20Ransomware%20in%20AEC%20-%20Final%20April%202022%20%20(5).pdf)

![Untitled design (9)-1](https://www.nubeva.com/hubfs/Untitled%20design%20(9)-1.png)

Ransomware has become the #1 threat in cybersecurity and one of the top 10 threats to humanity.  65% of enterprises with 100-5000 people have experienced at least one successful ransomware attack in the past year.  In 2021, the average payment reported was $812,360, an increase of almost five times from $170,000 in 2020.  Most companies pay to recover.  The total amount of damage caused by ransomware is more than doubling each year, averaging $1.4M in 2021.  AEC firms are twice as likely to be hit by ransomware than other corporations.

This paper covers: 

- Key Findings as to Why Ransomware is 2x More Likely In AEC
  
   - Distributed Apps and Workforces  
  - Frequent M&A Activity Creates More Exposure
- What Actually Happens In a Ransomware Event
- An Attack Scenario: So You have Been Ransomed, Now What? 
- How Nubeva Would Have Helped

> *“I believe what Nubeva is doing is a game-changer. For us, it was a no-brainer decision. It was easy to install, trivial to run, and extremely affordable.  I sleep better knowing we have it.”  - *Eric Quinn, CIO of C&S Companies

 

![](https://www.nubeva.com/hubfs/Nubeva_January_2019/images/x.png)

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