Protection against cyber attacks is becoming a growing challenge in the aviation industry, according to Tony Tyler, CEO of the International Air Transport Association (Iata).
Experts estimate that cyber security breaches cost a total of $500m in 2015. It is also estimated that 94% of global companies have experienced some form of cyber attack. It is further estimated that about 13% of people still click on phishing attacks.
"Our electronically connected world is vulnerable to hackers bent on causing chaos," said Tyler at Iata's annual general meeting which took place in Dublin this week.
"We are all vulnerable and there is no guaranteed way to stay a step ahead."
Subsequently, Tyler said real-time collaboration and information exchange between industry and governments is critical.
"Make no mistake. We face real threats. Government and industry must be nimble, share information, use global standards and keep a risk-based mindset when developing counter-measures," said Tyler.
During a panel discussion on cyber security, Matthew Finn - a cyber security expert from Augmentiq - said businesses should look at security in a holistic way.
He said there is currently a downward trend of documentation fraud, but an upward trend regarding identity theft.
General Linda Urrutia-Varhall, of the US Department of Defence, added that aviation is still a central focus for terrorists and criminals.
Aviation industry role-players and authorities need to gather and share information to deal with threats, said Urrutia-Varhall.
Kurt Pipal of the FBI pointed out that airline companies sit on a lot of big data and that this is also of interest for industrial espionage.
He cautioned companies to be very careful about subcontractors and he stressed the importance of sharing intelligence information in the industry.
"Build awareness and do not have a silo approach. Identify your vulnerabilities and make the assumption that you are going to be hacked. Participate in a 24/7 securities operation centre," suggested Pipal.
Embraer announced the selection of Aero Baires as its first authorized service center for Executive Jets in Argentina. Based at Aeródromo de San Fernando, in Buenos Aires, the center was certif...
Safran is celebrating the success of the first ground tests of the Open Rotor demonstrator engine in Istres, southern France. The ceremony marking this milestone was attended by Clara de la Torre...
The Russian Helicopters Holding Company (part of Rostec State Corporation) is creating the technological production model of the Ka-226T helicopters at the Ulan-Ude Aviation Plant. The digi...
Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing ant...