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Beware data, not oil, spills

Leif Ollivierre

June 1, 2020 at 11:00:00 AM

Leif made front page to the Institute of Chartered Shipbrokers ‘Shipping Network’ Magazine. The article focused on growing treat and vulnerability of all shipping companies to cyber-attacks. A breach of cyber security can now cost almost the same as a medium size oil spill. This means that most shipping companies whether ship side or shore side will be exposed to cyber risk on a weekly, daily, hourly and even on a transactional basis. “Hence, cybersecurity is everyone's concern. Ignoring it can be costly. The cost of cleaning up the damage after a cyber attack can as large as that of an oil spill plus huge fines.”

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