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Digital Transformation must go hand in hand with Cyber Risk Management

Digital Transformation in the maritime sector

The maritime sector is more and more dependent on digitalization, automation and integration of operations. Among the main benefits of these changes are reduced costs, increased sustainability, new revenue opportunities, but also a unique circumstance to improve a security posture by introducing new technological solutions.

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The approach towards entering the digital market needs to be pragmatic and must include an understanding of the accompanying risks. The process to validate whether an organization is addressing the most critical elements can be challenging. Moreover, in many cases the secure journey of digital transformation will determine the long-term survival of a business.

A clear digitalization strategy aligned with business objectives must include a holistic approach towards risk management. To achieve this goal, it is important to understand and recognize the resources and capabilities within the organization and where needed complement that with third party solutions.

Cyber risks are always specific to an individual company and the environment in which it operates. The scope can vary and depends on vendors landscape, supply chain partners, state of IT and OT systems as well as life span of the vessels and supporting on-shore infrastructure.

Beyond securely navigating through a digital transformation voyage, the shipping industry faces the new cybersecurity regulations. A complex challenge that requires due care.

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