Tag: cyber security

Have you ever thought that ransomware is being created, bought, and sold in underground economies? From 2016 to 2017, there has been a 2,502% increase in the sale of ransomware, while cyber criminal economy has hit $1.5 trillion a year. Profit. That’s the incentive behind cyber crime!

Although it is a new risk, cyber-crime is considered one of the top five risks in shipping.  This is where we stand at the moment; we know only four paths to implementation in shipping. But do we know how successful are they or even which is the most effective?

The General Data Protection Regulation is a regulation in EU law on data protection and privacy. Ahead of the GDPR that is about to come into effect, the Swedish Club advises operators on how to try and reduce the risk of a breach.

The Danish government presented 25 initiatives for a new cyber security strategy, which amongst others, will improve maritime navigation. Denmark will allocate NOK 1 billion for the strategy, a development welcomed by shipping firms. In addition, energy, transport, telecommunications, finance and health are included in the strategy.

The SAFETY4SEA Cyber Masterclass successfully concluded on 16th of May at the Bookcastle of the National Library at Stavros Niarchos Foundation Cultural Center (SNFCC) attracting 240 delegates from a total of 125 organizations.

As part of the North P&I Club's insight series, Colin Gillespie, Deputy Director (Loss Prevention), highlights key issues with respect to cyber risk management in the maritime and notes the importance of having the right protocols in place to counter cyber threats.

The short film by the US National Institute of Standards and Technology provides an insight into the world of IoT and discusses key cyber security concerns around it, as well as ways to secure our lives into this digital future. IoT is considered as one of the key digital trends to bring a positive disruption in shipping over the next years.

The pilot phase of the Maritime Cyber Alliance, a joint project between Airbus, CSO Alliance and the organisation’s technology partner, Wididi, is already bearing fruit, as it has already received the first anonymous, verified cyber breach report from a vessel at sea.

The continuous operations of an organization is an important procedure which comes to support the contingency planning, response and recovery from an incident which affects the proper flow of operations. In other words, business continuity reflects the alternative way that the organization will use to keep its key business activities on-going after an adverse event, such as a cyber attack. 

A criminal gang in Nigeria targeting the global maritime industry has been running multiple “business email compromise” scams for hundreds of thousands of dollars. The group calling themselves “Gold Galleon” have been sending messages to infiltrate payments within shipping companies over the last year.