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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...

The Cyber Shot Across the Bow: Data Manipulation and GPS Spoofing

In September 2015, then-Director of National Intelligence James Clapper warned that the next “push of the envelope” in cybersecurity might be attacks that change or manipulate electronic information in order to compromise its accuracy or reliability. Two years later, we may now be seeing the very beginning of such insidious attacks in the form of GPS spoofing—a technique that sends...

SEC Enforcement: Where do we come from? Where are we going?

In Dan Brown’s latest best-seller, “Origin,” he explores the questions: (1) Where do we come from (meaning, how did life get formed)? and (2) Where are we going (or, how will we evolve)? While the US Securities and Exchange Commission (SEC) Division of Enforcement’s “Annual Report, A Look Back at 2017” is no “Origin,” “The Da Vinci Code” or even...

Bitcoin: Friend or Foe?

Satoshi Nakamoto is synonymous with two things: 1) inventing an unhackable currency subject to no government or banking system, and 2) being a nom de plume for an anonymous idealistic programmers out to change the world. What started as an interesting experiment changed in 2010 when Laszlo Hanyecz made the first ever documented bitcoin purchase and, by doing so, proved that the...

New OCIMF Pre-Fixture Tanker Vetting Cyber Requirement

While the International Maritime Organization (IMO) has given ship owners and managers until 2021 to incorporate cyber risk into ships’ safety management systems, tanker owners and operators that are subject to vetting under the Oil Companies International Marine Forum’s (OCIMF) Ship Inspection Report Program (SIRE) Program will be expected to address cybersecurity risks in their...

Congress and Supreme Court Face Tough Tests on Privacy and Security

The line between security and privacy is difficult to draw. However, it must be drawn and regularly redrawn as circumstances and the world change. At the same time, overdrawing the line, or drawing it in a vacuum, can cause the delicate balance to tip in a way that undermines both privacy and security. In their article for The Hill, Eversheds Sutherland Partner Michael Bahar and...

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