The 50,000 ships sailing the sea at any one time have joined an ever-expanding list of objects that can be hacked. Cybersecurity experts recently displayed how easy it was to break into a ship's navigational equipment. This comes only a few years after researchers showed that they could fool the GPS of a superyacht into altering course. Once upon a...
The first industry report of its kind, the Global Maritime Issues Monitor 2018 takes a global look at the major issues that are likely to impact the global maritime industry over the next 10 years.
"The U.S. maritime industry is not prepared for future cyber-attacks," maritime law firm Jones Walker LLP has warned in a new survey and report released October 23.
It is worrying to see the shipping news talk about cyber attacks and failed defences, especially when the industry has had several 'wake-up calls'. But once the media stops reporting on cybersecurity incidents, the industry seems to fall back into its usual processes and carry on.
Recently, a team of breakers at ethical hacking firm Pen Test Partners proved there are several ways to break into a ship's navigation system and potentially cause a major incident. So, after all the warnings, where does shipping currently stand on cybersecurity?
CEO Fraud is a scam in which cybercriminals spoof company email accounts and impersonate executives to try and fool an employee in accounting or HR into executing unauthorized wire transfers, or sending out confidential tax information.
There are many alarmist scenarios for cyber threats against shipping such as remotely taking control of vessels, but North P&I believes the main threat at present is commercially from the likes of ransomware attacks.
I first got involved in cyber liability insurance back in 2011. An underwriter contacted me for some advice around a new 'cyber' thing that they were planning to launch and had seen me speak at a conference. What I discovered about the nascent industry shocked me:
Ships are increasingly using systems that rely on digitization, integration, and automation. As a result security of data and other sensitive information has become a major concern of maritime. Training and awareness of appropriate company policies and procedures may provide an effective response to cyber incidents. Here are some guidelines to help...
Shipping industry firms and port operators are worried about linkage between cyber-attacks and supply chain risk, insurer XL Catlin has warned.