The High Stakes, High Seas Cyber Peril
Those who work in shipping are accustomed to the perils of the high seas, whether from storms, pirates, floods or fires. But now, a new danger is lurking—the possibility of a cyberattack. Despite the growing prevalence and severity of cyberattacks across industries, the shipping industry as a whole has been slow to react, and many are less than optimally prepared.
- When it comes to cybersecurity, the dangers faced by the shipping industry are real and growing, as are the challenges presented by the emerging regulatory environment.
- In addition, industry associations are putting out their own guidance, including the Oil Companies International Marine Forum, with potentially stiff implications for shipping companies that fail to adhere.
In light of the growing threats, the emerging regulations, and the impending market pressures, the time is now to improve cybersecurity.
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