Rory Macfarlane and John Boles discuss Cyber Security in an era of opportunity'

News / / Rory Macfarlane and John Boles discuss Cyber Security in an era of opportunity'

With Maersk Line suffering a loss in revenue of between USD200M and USD300M due to the NotPetya attack, it is clear that innovative solutions must be developed to combat cyber-attacks, particularly as patches and upgrades are becoming ineffectivenbspThe podcast covered the WannaCry and Petya or NonPetya attacks and how they have affected board room strategy The speakers assessed the current cyber security position in relation to the shipping industry and emphasised the importance of understanding the nature of cyber-attacks and how best to gear internal security strategies Identifying areas of vulnerability that may be exploited by a cyber-attack as well as what companies should do following an attack was also discussed The speakers focused on what senior executives should do to mitigate the risk of an attack, how they can change the corporate mind set on cyber security and where they should look for strategic partners to help guide maritime business through the cyber minefield, with the future of the shipping industry and cyber-attacks also being discussed The floor was then opened for questions from the audiencenbspYou can listen to the podcast hereRory Macfarlane has particular expertise relating to cyber security risks and has worked in conjunction with cyber security experts, Navigant, to develop products specifically for the shipping and logistics sectors to address risks posed by cyber-crime Prior to joining Navigant, John Boles served for over 20 years at the Federal Bureau of Investigation (FBI), leading cyber investigations and operations Following this, he became a Senior Vice President of Regions Bank, directing cyber fraud and international investigationsnbspIf you require further information on cyber security and what you can do to make your business safer, please click here to visit our dedicated cyber security page with all of our key contactsnbsp

Related sectors:

Related services:

Related news & insights

News / Marine Cyber Risk Insurance

09-05-2018 / Insurance, Cyber Security

Ince Gordon Dadds Partner Simon Cooper has contributed the chapter lsquoMarine Cyber Risk amp Insurancersquo to the recent release lsquoMarine Liabilities in a Global and Regional Contextrsquo

Marine Cyber Risk  Insurance

News / Cyber risks facing ship managers

14-02-2018 / Maritime, Cyber Security

Digitalisation of shipping and the associated cyber risk vulnerabilities are hotly debated and discussed topics in the shipping industry, both at state and corporate levels Whilst the focus appears to be largely on shipowners and the use of autonomous ships, there are also a number of pressing areas of concern that ought to be considered and addressed in the context of ship management

Cyber risks facing ship managers

News / Is the shipping industry prepared for GDPR

15-11-2017 / Maritime, Cyber Security

Shipping companies collect a great deal of personal data, including passenger information, crew and employee details, customer lists and details of business contacts The complex global nature of the industry and high level of personal data processed and exchanged, often across national borders, can leave information vulnerable to security breaches, intentional or otherwise Implementing effective data protection controls into daily operating procedures is a huge challenge However, when the EU General Data Protection Regulation and the UK's Data Protection Act 2018 come into force on 25 May 2018, businesses ignore themnbspat their peril, as non-compliance can result in large fines and reputational damage There are also commercial benefits to effective compliance companies that protect the privacy of their passengers, employees and business associates and conduct properly targeted marketing campaigns will be more likely to attract and retain business and staff We set out below some of the issues you need to consider and how you can action them and demonstrate compliance in view of the accountability principle

Is the shipping industry prepared for GDPR

News / Regulatory and compliance checklist how do your internal policies fare

24-10-2017 / Maritime, Cyber Security

Whilst transportation and infrastructure companies are no strangers to regulatory compliance, in recent years, the scope and pace of regulations have increased significantly As a result, all companies should be looking to continually update and broaden their internal compliance policies

Regulatory and compliance checklist how do your internal policies fare

News / Rory Macfarlane discusses the importance of preparation for a cyber-attack

06-09-2017 / Cyber Security

Ince Co's Hong Kong-based partner, Rory Macfarlane, explores the necessity for businesses to prepare for cyber-attacks, in Asia-mena Counsel's recent publication on Cyber Security and Data Protection

Rory Macfarlane discusses the importance of preparation for a cyber-attack

News / Rory Macfarlane examines cyber risks for shipping

20-06-2017 / Maritime, Cyber Security

Ince Co's Hong Kong-based partner Rory Macfarlane, who also co-heads the firm's regulatory and compliance practice in Asia, discussed the potential impact of cyber-attacks on shipping companies in an article published by Splash 247

Rory Macfarlane examines cyber risks for shipping