Shipping faces increased threats from cyber hacks

Shipping Faces ‘Expanding’ Cyber Threats

The threat to shipping and logistics from cyber attacks is “evolving and expanding” with the size of the current threat “underplayed due to a reluctance within the industry,” according to international law firm Ince & Co.

The firm called on operators to do more to prepare for attacks following a spate of incidents in the recent weeks. Greater digitalization, advances in satellite communications, and a drive towards greater technological efficiencies have all contributed to the increased risks according to Rory Macfarlane, cyber specialist at Ince & Co.

“It is imperative that shipping companies act to mitigate their cyber-risk now, before they become the next victim of a major breach … Throughout 2017, we have seen headline-worthy cyber-attacks occur with growing frequency and severity. As new technologies emerge to streamline operations, cut costs and increase efficiencies, evolving and expanding cyber-threats also emerge,” Macfarlane said.

Ince & Co operates a network of affiliated commercial law firms with about 100 partners and more than 190 other lawyers advising clients throughout the global network.

Photo: Shipping faces increased threats from cyber attacks. Credit: Wikimedia

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