US maritime not cyber ready
Jones Walker LLP Releases Inaugural Maritime Cybersecurity Survey
U.S. Maritime Industry Not Prepared for Future Cyber Attacks
Jones Walker LLP today publicly released the findings of its inaugural Maritime Cybersecurity Survey. The results, which were announced at the Marine Technology Society and IEEE Oceanic Engineering Society’s prestigious OCEANS conference, confirm that rapidly evolving technologies deployed throughout the U.S. maritime industry to increase efficiencies and competitiveness present significant cybersecurity risks, which the industry is unprepared to shoulder.
The survey reflects the responses of 126 senior executives, chief information and technology officers, non-executive security and compliance leaders, and key managers from U.S. maritime companies. The respondents represent key sectors in the maritime industry and include professionals from small, mid-size, and large companies.
Several key findings of the Jones Walker LLP Maritime Cybersecurity Survey include:
- The U.S. maritime industry is being targeted. Nearly 80% of large U.S. maritime industry companies (more than 400 employees), and 38% of all industry respondents reported that cyber attackers targeted their companies within the past year. 10% of survey respondents reported that the data breach was successful, while 28% reported a thwarted attempt.
- There is a false sense of preparedness in the U.S. maritime industry. 69% of respondents expressed confidence in the maritime industry’s overall cybersecurity readiness, yet 64% indicated that their own companies are unprepared to handle the far-reaching business, financial, regulatory, and public relations consequences of a data breach.
- Small and mid-size companies are far less prepared than larger companies to respond to a cybersecurity breach.100% of respondents from large organizations indicated they are prepared to prevent a data breach, while only 6% of small company (1 to 49 employees) respondents and 19% of mid-size company (50 to 400 employees) respondents indicated preparedness.
- Small and mid-size companies lack even the most fundamental protections, exposing them to huge potential losses. 92% of small company and 69% of mid-size company respondents confirmed they have no cyber insurance. In contrast, 97% of large company respondents have cyber insurance coverage.
For additional survey findings, common themes among prepared companies, and guidance on how U.S. maritime companies can evaluate and improve their cyber readiness, please visit the Jones Walker LLP Maritime Cybersecurity Survey website and download the white paper.
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