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PAGE 4 UPPER PENINSULA BUSINESS TODAY AUGUST 2019
Cybersecurity Transportation Industry Trends
Making Your Dreams Of A
Retirement Getaway A Reality
Years of hard work often leave people dreaming of a time when they’ll have a chance to get away from it all in retirement. It could be in the form of travel to exotic locations they’ve never visited before, or a vacation getaway spot they’ll visit reg- ularly. Either way, it requires having enough money to do so.
If you dream of travel in retirement, you need to build a strategy to save and accumulate the necessary funds without hindering the ability to meet the basic costs of day-to-day living in retire- ment.
Planning for extensive travel in retirement
Traveling the country or world is a dream for many. While you are working, it can be difficult to accomplish because of time constraints. Retirement changes all that. Depending on the extent of your plans, the price tag can be consid- erable, including the cost of flights, accommoda- tions, eating out and other expenses.
Study your options and try to identify specific places you want to visit. Then try to get a handle on the projected costs and set aside money in a special account that you can tap for that purpose. If you plan to make travel a regular part of your retirement routine, you’ll need to budget accord- ingly as you lay out your retirement income plan.
Finding a vacation place
A retirement “getaway” for some may be to own or rent a second home in another area of the country or in a different setting from their pri- mary home. This could double your housing expense, so you need to be sure you have enough cash flow to cover those costs. One option you may consider is a timeshare unit that allows you to “own” a share of a vacation property that can be used once or several weeks a year. Be aware of the fees, the financial commitment required and the potential to exit the arrangement if you desire later in life.
Put time to your advantage
The best strategy is to start making your plans in advance of retirement. Use the time you have to set specific goals and build savings that will help make your dreams a reality.
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The author will be writing a monthly article through- out 2019 on Cybersecurity across various market seg- ments. Be sure to watch for it to see how your business may benefit from this important information. Good reading and see you next month.
Defending a critical infrastructure like trans- portation is essential to a country’s security and public health. Disruption of transportation sys- tems or assets can create a domino effect to oper- ations in other sectors like food, agriculture, and emergency services, thus compounding the threat and the negative effects. The Department of Homeland Security (DHS) describes cyber threats as “the growing reliance on cyber-based control, navigation, tracking, positioning, and communication systems, as well as the ease with which malicious actors can exploit cyber systems serving transportation.” [1]
Due to technological innovation in informa- tion and communication technology (ICT), the transportation industry has experienced increased safety, physical security, and efficien- cies. However, this increasing reliance on ICT technology supports the use of onboard technol- ogy, third party vendor software and hardware, and rapid integration of autonomous systems. This may reform and modernize the transporta- tion sector, but it also increases the cybersecurity risks.
Many companies are focusing on compliance and risk management, but there are real obsta- cles. Commercial off-the-shelf software is being employed by aircraft and ships for operating engine and flight control functions, electronic positioning systems, chart displays, and naviga- tion systems. This requires patch management, a vitally important process that involves acquir- ing, testing, and installing multiple patches (code changes) on existing software applications and tools. Having a strong patch management strategy is key to organizational cybersecurity.
Because the transportation sector has unique cyber risks that differ from other industries, more actions must be taken to adopt proactive cybersecurity risk management solutions to eliminate exposure to these vulnerabilities.
https://www.dhs.gov/sites/default/files/publi- cations/nipp-ssp-transportation
A. Elisabeth Tolsdorf is author of this article and the Director of NIST SP 800-171 Compli- ance for Hawk Technologies, a woman-owned firm located in Houghton, Michigan. Hawk is the Upper Midwest’s primary source for NIST SP 800-171 Compliance services. Additional information about NIST SP 800-171 and Hawk’s CAD services capabilities can be found at www.hawktechinc.com.
Marvin Nelson
Forest Products, Inc.
ALC Certified Master Logger SFI Certified
(906) 384-6700 FAX: (906) 384-6432 • EMAIL: mnelforest@sbcglobal.net 9868 COUNTY 426 E. ROAD • CORNELL, MI 49818
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