Few in the international freight supply chain can be unaware of the ‘NotPetya’ cyber event that struck at the end of June 2017. The repercussions should have caused organisations to review every existing assessment of the risk exposures arising from cyber activity.
Cyber risk has long been a ‘when’ not ‘if’ issue. Now there is merely increased urgency on the task of completing a thorough, holistic assessment of the risks facing every business. Perhaps the greatest challenge is simply that this is a new paradigm, for which existing or historic models may be inadequate. Cyber risk is big, complex, diverse and largely hidden, but has the ability to impact organisations in the most fundamental ways.
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