Keeping an eye on cyber
The maritime cyber security threat shouldn’t be ignored.
Changing Security Course Critical for Global Maritime
In our modern global economy, over 90 percent of all traded goods, valued at over $4 trillion, are transported from continent to continent by a massive fleet of commercial ships. Losses from maritime piracy, fraud, and theft run in the billions of dollars each year, and it’s likely to get worse.
When we think of threats to shipping, we often think first of dramatic attacks by pirates, like the hijacking of the Maersk Alabama in 2009. But highly sophisticated, complex cyber attacks are already emerging as a major threat. In 25 years of intelligence and security work, I’ve witnessed a very fragmented and under-powered response to these constant attacks against the lifeblood of international trade and development – the maritime industry has reached a crisis point.
To continue reading, please click here.