This second of TOC Digital’s ‘Accelerating Digitalization’ webinar series in association with maritime street, took place on 15th July 2020.
Providing insights from an expert panel including Gadi Bensmonshe, CIO of Israel Port Company, Dr. Carmit Yadin, CEO & Co-Founder of Arcusteam, Roi Mit, Chief Marketing Officer of Regulus Cyber and Pascal Ollivier, President of maritime street, viewers learned the various implications to consider when formulating a comprehensive strategy to reduce immediate cyber threats, and what the overall picture looked like for the wider industry.
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The threat of cybersecurity is often ranked as the #1 concern amongst maritime executives, and how the industry deals with existing and emerging cyberattacks without impeding the flow of trade is incredibly complicated.
But how do we combat a risk that is constantly evolving and becoming more complex and resilient?
As digitalization takes hold and the industry becomes more connected, vulnerabilities are often highlighted, and organizations left potentially exposed to an attack. The COVID-19 pandemic has of course accelerated digital and remote operations leading to increased risk, with an astonishing 400% rise in attempted hacks reported since February 2020.
The information security market is valued at $112 billion and is rising year on year. With billions of dollars now being funneled into start-up technologies, this is a clear indication of the vital importance organizations and investors are now placing upon the need to protect their digital assets.
Hot topics to be discussed:
Building upon the discussions from the first webinar where the opportunities of the Internet of Things were discussed, this second webinar deep dives into the ongoing cybersecurity debate and brings clarity to this often complex but vital subject. Key talking points included:
- What cybersecurity means in the context of the acceleration of digitalization
- How the industry is looking to deal with existing & emerging cyberattacks
- The need for collaboration and partnerships amongst key players to prevent supply chain risk
- Where the key cyber risks in the maritime logistics chain are – and the current state of play
- How a 'Risk-aware' culture is built and how to successfully implement it
Raising the level of debate, speakers were asked their thoughts on many of the challenging topics facing the industry. These included, how to predict and prevent cyberattacks via IoT devices, how to prevent false information and how to implement robust cybersecurity practices, not just through excellent technical personnel but also by gaining acceptance from the wider community.
The panel also discuss the IMO’s very active stance on GPS, and how the technology is growing hugely in importance yet creating points of vulnerability not only out at sea but also within the port. Examples of cyberattacks that have happened since the start of the pandemic are also addressed, and insights gained from recent hackathons focused around reefer containers and port cameras are also brought to the spotlight – vital insights certainly not to be missed.
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