Shipping companies are under attack! In the new era of cybersecurity and cyberwarfare, many shipping companies fare poorly when it comes to taking on cyber warriors. Laxity is no excuse. It causes huge financial losses and shipping companies do not know what they are up against. Jaya Prakash files this story from Singapore.
A new threat is confronting the globe’s shipping industry and it is not piracy anymore.
Just when everybody thought that piracy was gone for good, what the world’s leading shipowners least anticipated was the danger that could arise from the very Information technology (IT) systems that had kept them connected to their customers and agents.
Ignorance is no longer bliss. Shipping companies, port operators, ship managers and shipping agencies better know what the digital age of computer networks, IPhones, IPADS and smartphones have wrought and the havoc they can wreak. Devices purportedly invented to make life better for all of humankind is perhaps, an ‘enemy’ far more sinister that anything the shipping fraternity have been used to. Not even the Somali pirates who once terrorised commercial shipping have come close to what the double-edged sword in the Internet now threatens and presents.
“Digital technology has unleashed some bewildering crime”, exclaimed Vincent J Loy, a partner in Financial Crime
& Cyber & Data Analytics Leader, in PwC Singapore to MySecurity.com…Click HERE to read full article.