International financier and lead investment executive, Alexander Christodoulakis heads PBS SA Capital Group, which has primary operations in investment management and corporate management in the shipping industry. One of a few concerns of Alexander Christodoulakis’ is cyber-attack threats on the shipping industry and the counter measures needed to address it.
Like the rest of the world, the shipping industry is becoming highly digitized and interconnected. Ships are now highly dependent on GPS and sophisticated communication. The shipping industry also transfers huge volumes of data and performs transactions electronically. While this has brought about better efficiency, it also exposes the industry to hacking and cyber-attacks.
Among the steps that industry players can take to increase security include better educating personnel on the importance of following company protocols and how to detect if any form of cyber-attack is taking place. Companies may improve their parameter systems through simulated cyber-attacks as well as procure expert advice on how to properly address security breaches.
There are also steps taken in the government level. The U.S. Department of Homeland Security research group, Command, Control, and Interoperability Center for Advanced Data Analysis, is presently collaborating with cyber-security experts from around the world to research, study, and develop means to stop the increasing threat of cyber-attacks on possible targets.