In mid-2017, the industry was shaken by a major cyber-attack against Maersk, the world’s largest container shipping company, which led the sector to adopt a new look at cyber security issues. 2018 validated this trend as cyber incidents continued affecting operators, ports, and shipbuilders.
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.
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.
Graham Ahearne, Corvil Director, Security Product Management, said that the advanced, persistent threat landscape in cyber security poses an enormous risk to global financial markets and Cyber Resilience can be built through standards, collaboration and AI-Powered Automation in these markets.
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