Please adhere to on line etiquette during our presentations. We kindly ask you to mute your microphone and video upon commencing the link and to use the Chat application for any questions, which will be addressed by the speaker at the end of the presentation. We suggest dialling in at least 5 mins before the start of the webinar.
Please note that any recording of this event will be available post-event in DropBox format, subject to speaker authorisation.
Protecting Maritime Assets in a Cyber World delves into the biosphere of cyber-security in the maritime industry. Due to the challenges posed to the maritime industry including ports, terminals, ships, refineries, and support systems which are vital components all nations’ critical infrastructure, national security, and economies, these parties look to insurance as a way to “fill the gap”. This is because cyberattacks on industrial control systems could kill or injure workers, damage equipment, expose the public and the environment to harmful pollutants, and lead to extensive economic damage. The loss of ship and cargo scheduling systems could substantially slow cargo operations in ports, leading to backups across the transportation system. A less overt cyberattack could facilitate the smuggling of people, weapons of mass destruction, or other contraband into a country.
Many cyber security experts believe attacks on maritime related infrastructure has increased by over 900%. Because there are as many potential avenues for cyber damage in the maritime sector as there are cyber systems, all stakeholders must identify and prioritize risks, take this threat seriously, and work together to improve our collective defenses. Fortunately, the process for doing so is parallel in structure to that of other security and safety efforts: assess risk, adopt measures to reduce that risk, assess progress, revise, and continue. These processes, taken together, can significantly improve an organization’s risk reduction efforts and increase resilience through continuity of business planning. This includes implementing IMO 2021 (along with specific flag state guidance), where on the first annual verification of a shipping company’s Document of Compliance (DOC), cybersecurity will be part of the safety management audit, where a shipping company must demonstrate that appropriate measures for handling cyber risk are an integral part of its safety management system.
At this market briefing, our speakers will explore cyber security issues within the maritime industry, case examples for study and discuss the keys to cyber security planning and cyberattack “avoidance”.