2017 was a record year for cyber attacks and the average total cost per breach for the average company has reached $3.79 million, while the transportation sector now ranks third in security vulnerability, according to a recent whitepaper released by insurance firm Arthur J. Gallagher & Co.
Cosco’s network applications in the Americas have been totally recovered, the company announced. Namely, all communication channels including telephone, email, and electronic data exchange have been restored. As now Cosco’s network is recovered, there has also been a further increase in its service response.
Cosco gradually restored the network application in the Americas from July 26 and the data communication with partners such as customs, terminals and railways in North America has been restored. In addition, service response speeds in the Americas are gradually increasing and are expected to return to normal during the weekend.
Naval Dome CEO, Itai Sela, says that the recent cyber attack against Cosco is worrying. Mr. Sela noted that despite the fact the company took precautionary measures, it must make sure that the attack has indeed been contained. Nevertheless, this attack along with the attack against Maersk last year can provide valuable lessons.
While the voting procedure for the 2018 SAFETY4SEA Awards is open, Mark Sutcliffe Managing Director of CSO Alliance explains the motivation behind this project which has been shortlisted for the ‘Initiative’ category. Mr. Sutcliffe notes that the reporting of cyber incidents has been very poor so far for many reasons.
After Cosco’s operations in the US were hit by a cyber-attack on Tuesday, July 24, affecting its daily operations, there are reports saying that the cyber attack has spread. As the company informed, the network has failed in Americas, and as a result the email and telephones are not working properly.
Cosco’s operations in the US were hit by a cyber-attack on Tuesday, July 24. As a result its daily operations in the US were affected. The company’s operations outside the US are not affected, according to reports, while terminal operations are continuing their operations unaffected.
Speaking at the ‘Maritime security in the 21st century’ symposium at the Brazilian Naval War College, Rio de Janeiro, on 20 July, IMO Secretary-General Kitack Lim emphasized on how IMO is working to address the digital revolution in all aspects of its work.
When will the IT Security industry move back to objectivity and rationality to treat cyber security on board ships with a realistic view? Capt. Gunter Schütze observes an incomparable hysteria – as he describes it – fueled by the IT security branche with mind-boggling scenarios.
Tech experts gathered to explain the benefits of digital technology. These experts aim to show how new technologies can be used effectively, while also protecting against unwanted or unexpected negative impacts. The panel will be comprised of women and men of technology, public policy, science, and academia.
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