cybersecurity

As ransomware attacks hit trucking, victims face costly dilemma

Screens inside the cab of a commercial truck. Ransomware attacks have been targeting the trucking industry.

Trucking and logistics companies like Forward Air Corp. (NASDAQ:FWRD) usually face an unenviable dilemma when hit by a successful ransomware attack. 

They or their insurers can pay the perpetrators sums ranging from thousands to millions of dollars to regain access to their encrypted data and systems, and an unenforceable promise to never post stolen data. Or companies can refuse — an option advocated by U.S government agencies and many cybersecurity experts — and potentially face costly...

https://s29755.pcdn.co/news/as-ransomware-attacks-hit-trucking-victims-face-costly-dilemma

Cybersecurity Will Remain A Maritime Threat In 2021

Wärtsilä Translink becomes first ever solution fully compliant with latest IEC and DNV GL Cyber Security rules

The maritime industry will remain a target of cyber-criminals in 2021 and the world’s shipping fleets will need to be on high alert for cyber-attacks as the industry recovers from the damage caused by the global pandemic, according to Mr Ionut Paris, Managing Director, GMCG Romania.

“The recent cyber-attacks on companies such as Google demonstrate the sophistication and capabilities of many of the cyber-criminals who have set their sights on the maritime sector. The New Year will be a time to be...

https://www.marineinsight.com/shipping-news/cybersecurity-will-remain-a-maritime-threat-in-2021/

5 defining cyberattacks on trucking and logistics in 2020

A tractor-trailer from Forward Air. The trucking company was targeted in a cyberattack in 2020.

Hackers hit the transportation and logistics industry hard in 2020. Many of the cyberattacks involved ransomware — essentially a vehicle for extortion.

Ransomware attacks aim to cause as much operational disruption as possible by encrypting data. Hackers then demand victims pay to restore access. Increasingly, so-called double extortion ransomware attacks are leveraging data theft and the threat of public release — or sale — of the data.

Ransoms can run in the millions of dollars. The attacks...

https://s29755.pcdn.co/news/5-defining-cyberattacks-on-trucking-and-logistics-in-2020

US takes extra measures to secure COVID vaccine shipments

Armed guard on tarmac in front of a FedEx plane getting loaded with COVID vaccine.

COVID-19 vaccines are literally worth more than gold. That’s the kind of value that criminal elements and other bad actors like to exploit.

Behind the scenes, governments and industry are adding new layers of security to prevent them from stealing the new biologic medicines or their digital recipes. The most visible sign that COVID vaccines are no ordinary shipments is the presence of armed U.S. marshals on the floor of distribution centers and in vehicle escorts.

“Throughout the process we’ve...

https://s29755.pcdn.co/news/us-marshals-help-safeguard-covid-vaccine-shipments

Forward Air’s shutdown backing up shipments at key market: airports

The ransomware attack on Forward Air’s (NASDAQ: FRWD) operational and information technology systems more than a week ago has caused shipping delays for customers, especially those that use them to move loads to, from and between airports.

Cargo is moving, but the information flow is hampered without the automated interfaces companies rely on, logistics professionals say.

Freight forwarders and airlines are scrambling to locate freight, book loads and find other ways to communicate with Forward...

https://s29755.pcdn.co/news/forward-airs-shutdown-backing-up-shipments-at-key-market-airports

e5 Lab Inc. and ClassNK Sign a Joint Research Agreement on Cybersecurity

e5 Lab Inc. and ClassNK have signed a joint research agreement on cybersecurity, says a press release issued by ClassNK.

For their first joint research project, they will conduct a proof of concept (PoC) on “Marindows”, a comprehensive digital platform for ships being developed by e5 Lab.

About Marindows

e5 Lab is developing a comprehensive digital platform for ships (Marindows) that consists of connections and applications necessary for the robotization of ships.

Marindows not only significantly...

https://mfame.guru/e5-lab-inc-and-classnk-sign-a-joint-research-agreement-on-cybersecurity/

Forward Air brings in the cops as system outage continues

An updated statement from Forward Air about the collapse of its technology systems adds three key words that all but confirm the company is a victim of a cyberattack.

The statement, released by the ground and air carrier company Friday, said it had “notified law enforcement” about the “security incident.” A statement released Wednesday did not mention law enforcement. The rest of the statement released Friday was otherwise identical to the statement from earlier in the week.

The apparent...

https://s29755.pcdn.co/news/forward-air-brings-in-the-cops-as-system-outage-continues

DOT may not be ready to take on automation safety

A government watchdog report has warned that the U.S. Department of Transportation has not fully assessed whether its workforce has the skills needed to oversee automation in the trucking and rail sectors.

The report was conducted by the U.S. Government Accountability Office and delivered on Friday to Congress. It acknowledged that DOT, over the last four years, has identified many of the skills cited by private industry groups — including the American Trucking Associations and Women in Trucking...

https://www.freightwaves.com/news/dot-may-not-be-ready-to-take-on-automation-safety

Cyber Risk Management Comes Of Age

cyber-security

On 1 January 2021, pursuant to Resolution MSC. 428(98), IMO Administrations are to ensure that cyber risks are appropriately addressed in safety management systems no later than the first annual verification of a ship’s Document of Compliance after that date. The resolution was originally adopted in June 2017 and, while many stakeholders could be forgiven for the distraction caused by this turbulent year, another deadline approaches in shipping compliance.

However, it is important to remember...

https://www.marineinsight.com/shipping-news/cyber-risk-management-comes-of-age/

Forward Air likely hit in cyberattack, experts say

A Forward Air tractor-trailer seen from the front. The company was likely targeted in a cyberattack, experts say.

An “IT security incident” at Tennessee-based transportation and logistics firm Forward Air Corp. (NASDAQ:FWRD) likely resulted from a cyberattack, possibly one involving ransomware, experts told FreightWaves. 

While the company has disclosed little publicly and did not respond to FreightWaves’ questions about the incident, the incident has the hallmarks of a cyberattack: the company’s nebulous acknowledgment of an “IT security incident,” emails bouncing, engagement with outside experts, and the...

https://s29755.pcdn.co/news/forward-air-likely-hit-in-cyberattack-experts-say

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