SUPERYACHT CYBERCRIME: THE NEXT BIG THING?

CNN on 3rd July carried an article about the risks of cybercrime affecting superyachts and a former navigation systems expert with the German military who became obsessed with defending yachts from malicious hacking.  The article provides an example where one billionaire had more than $150,000 stolen when yacht hackers pilfered his bank account.  Navigation systems have also been reportedly locked and held for ransom.  A number of superyachts even feature financial dealing rooms with data-rich Bloomberg terminals, necessitating strong firewalls.

https://us.cnn.com/2018/07/03/sport/is-yacht-hacking-the-next-big-cybercrime-spt-intl/index.html?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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