By Mahima Chawla | November 15th, 2023
Maritime cyber risk management: Cyber-crime is a huge and ever-growing danger to companies worldwide. Digital criminals are growing in confidence and their ability to gain from any potential security vulnerabilities increases year on year.
Whatever size your business is, you will face increasing cyber security threats and need to use the best available maritime cyber risk management. This is for 2 reasons:
Common threats include ransomware, stealing personal credentials, social engineering, phishing and distributed denial of service (DDOS) attacks. See more information on the UK National Crime Agency website.
Businesses need to get serious about combating cyber-crime. You need to ensure that your company’s firewalls are well equipped to manage threats and potentially devastating data breaches.
The use of local drives and in-house networking systems can be costly and challenging to maintain. Reliable and functional security systems that guarantee secure access control and encryption depend on full time management and expertise.
So what is the solution?
The best cloud-based information management companies offer layers of security that cover all manner of cyber threats and have the additional benefit of being at the forefront of new developments in stopping cybercrime.
Other features include onboarding and offboarding processes to help assess when and how employees use external applications, which may threaten your overall security.
Move to cloud storage and give your business the time, space and peace of mind to concentrate on what you do best.
According to Gartner estimates, public cloud service workloads will suffer at least 60% fewer security incidents than those in traditional data center’s.
However, breaches can and will happen
It sounds dramatic, but the threat is that real. Damage limitation is therefore also a key element of cyber security, and one of the benefits of digitalization in the maritime industry is that this is now easier to achieve.
The way to do so is through data and network redundancy. This means you have duplicate/backup equipment, systems or links that immediately take over the function of equipment or transmission lines that fail. For example, the same piece of data could be held in two separate places, so if one is inaccessible the other is still available.
Why is it so important to ensure you have data and network redundancy?
You can take some simple steps to protect your business against online security threats.
Having good cyber security measures in place will help protect your cashflow, your customer data and your reputation.
Key points for effective maritime cyber risk management are:
At HiLo, as a maritime-specific data analysis company, we help customers make the most of the benefits of digitalization in the maritime industry. We offer world-leading predictive analytics for maritime safety, providing insights and practical tools to prevent high impact incidents at sea.
Our success is based on a huge amount of data provided to us from over 3500 vessels and 55 companies in our ‘fleet’. To enable our customers to share this sensitive data required us to build a single, secure, ISO27001-certified database.
With data fully backed up, you not only keep your crew safe – but also your data. Our database gives you a secure backup for your critical information, improving your maritime cyber risk management.