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