Boat International: The risks of poor superyacht financial security - In association with Voly

by Nic Robinson, Boat International

In this superb article Nic Robinson interviews cybersecurity expert Jason Hart, Voly CEO Ian Flanagan and Voly Head of Sales - Jonny Allbut.

Cybercrime is big business for the bad guys and unfortunately growing to become an even more lucrative illegitimate industry. So, the question Nicholas Robinson asks is how can superyacht owners and enterprises avoid falling victim to the corrupt who prey on unsuspecting targets?

More economical wealth is being driven into cybersecurity than ever before, with costs expected to grow by 15% annually over the next four years, reaching $10.5T globally by 2025, according to a recent prediction from Cybersecurity Ventures. That is a staggering figure, considering in 2015 an estimated $3T was spent globally on preventing cybercrimes.

Rising security costs are being driven by an uptick in the criminal activities of cybergangs or individuals who utilise dark methods to hack into all parts of a company’s or even a person’s digital assets in pursuit of financial profit.

Their techniques can vary widely, but always involve hacking into the weaker parts of web-connected IT infrastructure. This can include accessing security cameras to gain sometimes defamatory information on a target; taking down websites for a ransom; and in June this year the world saw how Russia-linked cybercriminal gang DarkSide paralysed the Colonial Pipeline for a $4.4M pay out…. CLICK HERE to continue reading in Boat International.