Strengthening Maritime Cybersecurity
The U.S. Coast Guard's recent Notice of Proposed Rulemaking (NPRM) aims to strengthen cybersecurity across the Marine Transportation System (MTS) by introducing mandatory requirements for U.S.-flagged vessels, facilities, and Outer Continental Shelf (OCS) facilities. Building on the Maritime Transportation Security Act (MTSA), this NPRM outlines comprehensive cybersecurity measures, including the development of Cybersecurity Plans, designation of Cybersecurity Officers, regular cybersecurity assessments, and incident reporting protocols. The proposed regulations align with national cybersecurity policies and emphasize the importance of protecting critical infrastructure from cyber threats. As cyber risks in the maritime industry continue to rise, these regulations are essential for ensuring the security and resilience of the MTS. This blog post explores the key components of the NPRM and the critical need for maritime stakeholders to comply with these evolving cybersecurity standards.
The Third-Party Paradox: Your Guide to Mastering Risk Management
Third-party partnerships are essential for growth in the dynamic business world, offering advantages like cost savings, specialized knowledge, and expanded market reach. However, these relationships can also bring potential risks that could disrupt your operations if not managed effectively. This blog post, presented by a leading authority in risk management, unpacks the key third-party risk factors - including cybersecurity, compliance, operational, financial, and reputational risks - providing you with a comprehensive understanding and actionable strategies to navigate these challenges. With our guidance, you can transform these potential risks into opportunities for growth, securely leveraging third-party partnerships to their full potential.