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“Sanctions” have been in the news quite often lately. The United Nations has adopted, and many of its member-states have imposed, trade and economic sanctions against North Korea to pressure its regime to give up nuclear weapons. Similarly, recent political developments surrounding the so-called “Iran Nuclear Deal” have been all about re-imposing sanctions in relation to Iran’s development of nuclear weapons. There are currently 17 ongoing sanctions regimes imposed by the UN Security Council, focusing…
Danish shipping giant Maersk has reported that the recent cyberattack which shut down its computer systems has cost a massive USD200-300 million in lost revenue, due to business interruption. Maersk is one of the world’s top two shipping lines, holding approximately 18% of the global container trade market. The ‘Petya’ / ‘NotPetya’ cyber-attack hit Maersk in June 2017, requiring it to shut down a number of its infected networks as a precaution while it took…