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Mitigating Cyber Risk in a Maritime Industry

Mitigating Cyber Risk in a Maritime Industry

by Arp
5 months ago
in Technology
0
Maritime

Mitigating Cyber Risk in a Maritime Industry

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Cyber security is a serious issue. The cyber-attacks that have proliferated in recent years are costly and damaging to companies, their customers and the economy as a whole. Cyberattacks can range from an email containing a malicious attachment to an attack on the company’s website that redirects visitors to a phishing page.

Maritime cybersecurity is the practice of protecting ships and other maritime assets by identifying and mitigating cyber vulnerabilities. It involves all aspects of a ship’s operation, from design to maintenance, as well as ensuring that it is protected against cyberattacks.

The threat landscape for maritime cybersecurity includes:

The Cyberattacks

Cyberattacks are a real threat to the maritime industry. They can be costly and damaging, especially if your organization does not have the necessary cyber security measures in place. 

Cybersecurity is about protecting yourself from malicious actors who want to exploit weaknesses in technology or systems for their own gain. 

Maritime organizations need to take this seriously because they often don’t have the resources available that other industries do when it comes down to building out an effective cybersecurity program – which means they’re more likely at risk during incidents like these!

Data Breach

The term “data breach” refers to any unauthorized access to the data or information in an organization. Data breaches can lead to loss of customer trust, business, reputation and revenue.

Data breaches are often caused by human error or poor security practices on the part of an employee who creates a risk for themselves or others in their organization. 

If you want your company’s cybersecurity program to succeed at reducing these risks and increasing your chances of avoiding costly damages resulting from a cyberattack, you can contact companies like IEC Telecom to assist you in eliminating the risks by providing effective solutions for your business…

Cyber Insurance

Cyber insurance is a great way to protect your business from cyber security risks. It’s also a good investment for your company, as it can help mitigate any losses that may arise from a breach.

What is Cyber Insurance?

Cyber insurance covers the cost of damages incurred due to hackers stealing or destroying data stored on your servers, computers and other devices. It protects you against loss caused by hackers stealing confidential information or using malware on your network system as well as any damages caused by third parties in case they hack into your system without permission (e.g., customers).

Legislative & Regulatory Framework – ISO 27001

ISO 27001 is a document that defines the requirements for an information security management system. It can be used to help assess and manage your organization’s information security risk.

ISO 27001 is not only a set of standards but it has been certified by many organizations in different industries including banking, telecommunications and energy.

The process of certification involves assessing an organization’s current level of maturity against these standards at regular intervals throughout their lifecycle using tools provided by them such as Security Assessment Manager (SAM). 

SAM gives you an idea about where you stand on every aspect related to compliance with these standards including governance structures, employee awareness training, etc., so that when there are any issues or concerns regarding compliance you know exactly what needs improving before proceeding further down this path towards achieving certification

To protect against cyber-attacks, operators must have a robust cyber defense strategy in place.

To protect against cyber-attacks, operators must have a robust cyber defense strategy in place. The first step to developing a robust framework for your company’s cybersecurity program is understanding the threat landscape and identifying the cyber risks that you face.

Once you have identified these issues, it is time to build a comprehensive approach to managing them—and this means implementing a comprehensive set of controls and procedures that can be used across all areas of your business: from finance/accounting systems to human resources (HR) and legal departments; across manufacturing operations; throughout supply chain management processes; even into security operations centers (SOCs) where they will be able to monitor network traffic flows over long periods of time so they can detect anomalies early on when they occur unexpectedly during normal operations.

To conclude…

The maritime industry has been operating for hundreds of years with little reliance on IT systems. Now the industry is increasingly being connected to the Internet, opening up new market opportunities, but it also places the maritime industry at a higher risk of security breaches and cyberattacks. 

With cybersecurity becoming increasingly important in today’s business climate, the longer it is taken to effectively raise awareness and bring about necessary changes the greater risk there is to the safety – both physical and economic – of shipping businesses.

With this in mind, organizations should be mindful that cyber risks exist across marine industries and an organization’s cybersecurity strategy must be part of a broader business risk management program. 

Tags: Maritime
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