Maritime figures convene to discuss cyber security risks

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cyber securityToday (Wednesday) saw a number of prominent figures from the maritime industry take part in the inaugural Cyber Security Seminar at Singapore Maritime Week 2016; an event co-organised by the Singapore Shipping Association (SSA) and The Maritime and Port Authority of Singapore (MPA).

Cyber Security is a concern which is only increasing and as a topic at the forefront of many businesses’ minds, it was a welcome addition to this year’s programme.

In the opening speech by Guest of Honour Esben Poulsson, President of the Singapore Shipping Association and Vice Chairman of the International Chamber of Shipping, he addressed two trends which are already significant within the maritime industry – Big Data and Cyber Security.

He also expressed his concerns regarding the readiness of companies to deal with the cyber security threat: “Did you know that more than 90% of corporate executives said they cannot read a cyber security report and are not prepared to handle a major attack according to a new survey.

“We are susceptible if we are not ready and I express concerns as I stand here today, because I know not many of us are ready or well-informed of the threats of cyber attacks which our companies’ assets are vulnerable to.”

The seminar saw a number of panel discussions alongside influential speakers from across the industry, including a keynote speech from Mr Teo Chin Hock, Deputy Chief Executive, Cyber Security Agency (CSA) outlining the concerns of cyber incidents leading to disruption and highlighting the broad mitigating strategies.

Businesses were also advised to raise the profile of cyber security risks to boardroom level.