The document discusses proposed new cybersecurity requirements from CTPAT. Technology has evolved since CTPAT's creation in 2001, and companies now realize cybersecurity is key to protecting assets like intellectual property, customer data, and employee records. The new requirements are intended to harden CTPAT members against cyberattacks and data loss. Cyber threats now outrank terrorism as a national security threat. Cyber crimes cost the global economy an estimated $445 billion in 2013 through losses and recovery costs. Companies face average costs of $7.35 million per data breach, with malicious attacks being most expensive. The document provides best practice tips for strong cybersecurity policies, testing network security, and data protection.

1. CYBERSECURITY REQUIREMENTS
ARE YOU READY?
A look at the proposed new CTPAT
requirements…
Brought to you by Janel

2. Why Cybersecurity?
Technology has evolved dramatically since CTPAT’s creation in 2001. Leading
companies realize that in a digital world, cybersecurity is the key to safeguarding
their most precious assets - intellectual property, customer information, financial
data, and employee records, amongst others. Companies also understand that
robust cybersecurity can better position their organizations with business
partners, customers, investors, and stakeholders.
The new requirements will position CTPAT Members with a stronger
posture, hardening them to better deter
cyberattacks and prevent loss of data.
National Cybersecurity and Communications Integrations Center
https://www.us-cert.gov/about-us

3. “In 2013, ‘cyber’ bumped ‘terrorism’ out of the top
spot on our list of national threats… And cyber has
led every year since.”
James Clapper, Director of National Intelligence
January 29, 2016

4. The Impact to the Trade
• $445 Billion in estimated losses to the
global economy in 2013 due to cyber
crimes (including the loss to criminals and the cost of
recovery and defense).
• 456 Hours to restore one vessel’s seaworthiness due to
malware.
• 90% of the world’s goods on 400,000 ships are vulnerable to
GPS spoofing, jamming, or interception.

5. The Impact to the Trade – Cont’d
Ponemon Institute/IBM Study – 2017
 Average cost per data breach: $7.35 million USD
 Cost – Higher for malicious attacks (followed by system
glitches & human error).
 Affects all industries – Average Cost per data element
a comprised database.
• Technology - $251
• Industrial - $259
• Transportation - $240

6. Best Practice Tips:
• Policy in place/review policy annually
• Use of software/hardware to protect IT systems
• Test security of network systems
• Sharing information on cyber threats with
and business partners.
• Individual accounts/use of passwords/passphrases
• No use of counterfeit or improperly licensed products
• Data inventories and proper data destruction
• Backing up data

7. PLEASE CONTACT OUR DIR. OF COMPLIANCE, SEAN MCCLUNG
SMCCLUNG@JANELGROUP.COM 401-727-1776 X 114
WHY NOT EXPLORE HOW JANEL CAN MAKE IMPROVE YOUR
SUPPLY CHAIN?
JANEL GROUP - CREATING STRATEGIES THAT MATTER!