As recently underscored by European Union Directive 2016/1148 (NIS Directive), port communities are characterized by national governments, regional and international regulators as critical infrastructure for sustaining international trade, driving economic security and facilitating collaborative defense in the face of new geo-political, economic and
technological risks. From a policy making and governance perspective, cyber security is becoming a hot topic for port communities around the world seeking to avoid operational chaos, business disruption and financial loss. Cyber issues have become one of the top five risks cited by global business leaders, along with geo-political dynamics, regulatory
compliance and sustainability.
According to the World Economic Forum, economic loss owing to cyber crime is predicted to reach USD3 trillion in 2020, representing 3.4% of global GDP.1 The time has come to not only initiate but, crucially, to expand the cyber security dialogue within and between port communities in order to develop collaborative approaches and enhance cooperation between public and private sector stakeholders. 2 Initially, the primary objective must be to establish a dedicated cyber security governance framework and toolkit that can be deployed on a global basis. .. Read More
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