Update on 09 Mar 2022:
1. Feedback from members
It seems the members have dealt with the cyber security issues relatively well, since the implementation of IMO resolution MSC.428(98) – Maritime Cyber Risk Management in Safety Management Systems – from 1 Jan 2021 to ensure that cyber risks are appropriately addressed in safety management systems no later than the first annual verification of the company’s Document of Compliance.
INTERCARGO members and shipping companies are encouraged to provide feedback and share experience.
2. Cyber security framework
Cyber risk management means the process of identifying, analysing, assessing and communicating a cyber-related risk and accepting, avoiding, transferring or mitigating it to an acceptable level, considering costs and benefits of actions taken to stakeholders.
There are a few frameworks in place to assist shipowners and achieve operational resilience to cyber risks:
