CyberOwl has engaged with over 50 shipping owners, operators and equipment manufacturers in the last 12 months. More is being done on vessel cyber-physical security than is publicly evident. While different strategies and priorities are being applied, there are some clear common challenges. Some strategies are already bringing in early successes,...
Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done.
Every day, more than 50,000 merchant ships cross the oceans with millions of cargo containers in tow, signalling the need for fast and efficient communications aboard vessels, and between land and sea. SatellitePro ME spoke to some prominent maritime solution providers to understand key trends and challenges in the segment, and how they are being...
Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reports a 105% increase in the number of ransomware attack notifications against clients compared to Q1 2018.
In a changing digital landscape, passenger ship operators need to evolve their cyber security to prevent threats affecting maritime operations
As digitalization is becoming an integral part of the shipping industry, more and more operators can benefit from its use. An interesting new technology that aspires to move maritime forward, is the digital twin concept. Digital twins provide a virtual model of a physical ship, producing valuable insights from data. So, what exactly is a digital...
Shipping is one of the most dynamic sectors worldwide. KPMG, provides a wide range of audit, tax & legal and advisory services to a large number of the Top 50 Shipping & Ports companies listed on Factiva and enjoys an audit market share of 30% among the Top 50 Shipping & Ports companies.
ANGEL is the first cybersecurity service that has been designed and developed to meet the unique and diverse requirements of the merchant marine sector. It secures the vessel's business, IoT and crew networks by providing oversight, security threat alerting and control of the vessel's entire network.
As technology advances, more sectors begin to rely on Information and Communications Technology (ICT) for an essential part of their operations. Much like other sectors, maritime activity too now relies on ICT for standard operations like navigation, communication and management of cargo and services. This development significantly improves...
Last year's (Not)Petya ransomware attack had a significant impact on Danish shipping giant A.P. Moller-Maersk. In this incident, several port terminals across multiple countries experienced massive disruptions, costing the company $300 million.