Risk Focus: Cyber
The maritime industry's reliance on computers and its increasing interconnectivity within the sector makes it highly vulnerable to cyber incidents. Cyber poses a threat to all parts of the shipping sector; Cyber risks can be defined as the risk of loss or damage or disruption from failure of electronic systems and technological networks.
With the number of cyber attacks targeting the shipping industry on the rise, TT Club and worked with the UK Club and industry experts to produce the following guide for Members on how they can help prevent losses and disruption due to malicious cyber activity.
UK NYA TT Risk Focus Cyber (1 MB)
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Few in the international freight supply chain can be unaware of the 'NotPetya' cyber event that struck at the end of June 2017. The repercussions should have caused organisations to review every existing assessment of the risk exposures arising from cyber activity.
Speaking at the 6th Med Ports Conference in Livorno (Italy) last month, TT Club's Andrew Huxley highlighted that cyber activity is a daily operational risk which needs to be addressed urgently.