From: Global Trade
Written by Michael Bahar and Trevor Satnick
As one of the most critical links in the global supply chain, shipping is often considered the lifeblood of the global economy, which makes a cyber attack against it a potential cause of a massive coronary.
Just recently, the global shipping giant Maersk, struck by this summer’s ransomware attacks, announced a loss of around $300 million and significant business interruption during its malware-induced shutdown. In truth, it could have been a lot worse. The breach did not result in data loss to third parties and it caused no physical destruction.