How to mitigate your risk


Rory Macfarlane, of Ince & Co, asks: have you effectively mitigated your risk while seeking to reap the rewards?


Shipowners and operators have consistently looked to technology to better serve their customers, reduce operating costs and increase their profits. The most recent technological trend is digitalisation. However, progress has a price; one that is often unforeseen. While digitalisation has undoubtedly brought with it multiple opportunities for the shipping industry, it has also exposed all businesses to the threat of cyber attack.