The Global Maritime Issues Monitor 2018 sheds lights on digitalization and new technologies. New digital technologies are challenging conventional business models and are opening up new opportunities, however with increasing digitalization the cyber-risk becomes bigger as well.
According to the executives that took part in the Global Maritime Forum, the industry is not prepared enough for the digital era and the risks that come with it.
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In fact, the possible impact of cyber crimes and data theft is significant to the maritime industry, as experts include it in the top three ‘most likely to happen in the next 10 years’, behind only ‘global economic crisis’ and ‘energy price fluctuations’. This is outlined by recent cyber attacks on Maersk, Cosco and the Port of San Diego.
Today, the maritime industry is the target of 14% of cyber-attacks, which can lead to important consequences, such as:
- Loss of life;
- Injury;
- Pollution;
- Business interruption;
- Loss of reputation.
As the shipping industry embraces digitalization more and more, many are those that say that cyber-attacks cannot be avoided. For this reason, shipping companies and the crew must be able to protect themselves and ensure that they recover quickly if they become victims of such an attack.
