Weekly Maritime Cybersecurity News (August 24, 2022)

As the great bulk of global trade is conducted by sea, maritime transit is crucial to the world economy. Significant financial loss could arise from a delivery delay, especially for businesses farther up the supply chain.Because of this high level of dependence, cyberciriminals find the maritime shipping industry to be an appealing target. The marine industry is in face dealing with a growing number of new difficulties and regulatory norms as it goes through a digital transition. They are additionally being utilized to speed up the sector's attempts to have zero emissions by 2050.

News
Maritime Transportation System ISAC Announces Annual Maritime Cybersecurity Summit Keynotes and Sponsors

The Maritime Transportation System Information Sharing and Analysis Center(MTS-ISAC) announced keynotes and sponsors for the fourth annual Maritime Cybersecurity Summit. The Summit is scheduled for November 16 and 17, 2022 and will be held at the Ports America Brooklyn Cruise Terminal in the Port of New York and New Jersey. It will bring together maritime transportation system private and public sector leaders responsible for organizational risk management and maritime cybersecurity professionals from around the globe to focus on practices for safe, secure, and resilient supply chain operations.

Opinions
Bracing for the rising tide of cyber threats against the maritime industry

The infamous grounding of cargo ship Ever Given at the Suez Canal last year caused disruption to as much as $10 billion worth of global trade per day due to the congestion of the critical trade route. It is a reminder of the importance of maritime transport in the flow of goods and services that underpin the interconnected global economy. Maritime transport helps facilitate worldwide trade, where an estimated 90% of traded goods are transported by sea and is depended on by many different industries. Being the backbone of global trade and supply chain, any disruption can lead to grave consequences - daily necessities may not reach store shelves and connected industries coud suffer significant losses from an unpredictable supply chain and the inability to produce essential goods.

News
Preparing for cyberattacks in a time of heightened global conflict

The sad and inhumane events which are unfolding in Ukraine remind people of the physical cost of armed conflict. At the same time, the Russia-Ukraine war is also shining the light on the importance of cyber conflict, writes Rohan Langdon, Vice President for Australia and New Zealand at ExtraHop. the armed conflict(and other geopolitical conflicts) is making it very clear that the parameters of modern warfare have changed. As well as being fought on land, sea, and in the air, they're also increasingly taking place in the digital realm. IT systems, data, critical infrastructure are being attacked as fervently as cities and towns.

News
UK Water Supplier Hit by Cyber Attack, Highlighting Critical Infrastructure Vulnerabilities

A company that supplies water to more than 1.5 million people in the UK disclosed it was hit by a cyber attack in an incident security experts said highlighted potentially dangerous vulnerabilities in the country's critical infrastructure. A Russia-linked ransomware gang known as CI0p took credit for the attack, after initially misidentifying its victim as Thames Water, a much larger water company that supplies London and surrounding areas.