Maersk invests heavily on cyber security

“We have revised our system architecture to reduce some amount of the risks,” its India MD SteveFelder said here, noting “If there is a future attack, we would be able to contain it locally.” He said the June 2017 ransom-ware attack, which began due to a breach in Ukraine and impacted the systems of parent APM Group’s all companies, was “extremely difficult.” 

The “silver-lining”, Felder said, was how all the key stakeholders reacted to the attack. Overnight, the firm switched over to operating in a manual way from the computer-based systems, while some customers supported them by increasing their bookings with us, he said. 

“We had business continuity plans, we will be revising them again because I think in some markets they could have been better,” Felder said. He said the increased investments will not impact its finances in India, which he termed as a significantly important market that contributes around 8 pc of the global volume for the company. 

At present, it is the biggest container line operator serving India with a 19 per cent market share of the entire container volume sailing in and out of the domestic shores, he claimed.  

“India has both growth and scale, unique for the container market here,” he said, adding they do not have any investment plans here. But, margins were better in India.