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Cyber Security Issues

Update on 05 Oct 2023:

Insurance Allianz in its Safety and Shipping Review 2023 (link, pages 33-34) highlights that:

  • To date, most cyber incidents in the shipping industry have been shore-based… and with the advancement of autonomous shipping, there is little doubt that cyber risk has become an important exposure that will require much more detailed risk assessment going forward.,
  • Shipowners also need to implement risk control processes and contingency planning, developing and implementing activities necessary to quickly detect a cyber event. Identifying measures to back up and restore cyber systems impacted by a cyber event is obviously crucial.
  • it is vital that investment in cyber risk education and security is not neglected at this time, despite economic and decarbonization pressures, as this risk has the potential to have catastrophic consequences, given the right confluence of events.

It was reported that there were potential weak points when shipowner teams put up fences to secure their IT and OT systems, with some of them widely aware as follows:

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