Sean Duca – Sydney

December 19 2016 – 09:00:00

RANSOMWARE has been a thorn in the side for commercial enterprises for a number of years now, and the maritime industry is no exception. However, it is only in recent months that the maritime industry has really begun to face up to the danger that the ransomware threat poses to the sector.

Ransomware is a cyberattack that encrypts business information so that users can’t access the files, effectively locking the organisation out of its own systems and data. The attackers then demand a fee to unencrypt the data and return the systems to normal.

The maritime industry is increasingly being targeted by ransomware hackers, which is hardly surprising given how integral the maritime industry is to the world economy, with around 90 per cent of the world’s trade estimated to be carried by ship.

With so many goods delivered by the international shipping industry, it

Read more at: https://www.lloydslistaustralia.com.au/lla/market-sectors/law-and-regulation/SPECIAL-REPORT-CRIME-AND-SECURITY-545579.html