Insurance - Tag - Maritimeinfosec.orghttps://maritimeinfosec.org/tags/insurance/Insurance - Tag - Maritimeinfosec.orgHugo -- gohugo.ioen-USCopyright Maritimeinfosec.org 2018-2026Mon, 04 May 2020 11:17:07 +0000Launch of an insurance product dedicated to maritime cyber riskshttps://maritimeinfosec.org/launch-of-an-insurance-product-dedicated-to-maritime-cyber-risks/Mon, 04 May 2020 11:17:07 +0000Olivier JACQhttps://maritimeinfosec.org/launch-of-an-insurance-product-dedicated-to-maritime-cyber-risks/In a press release, the insurer Willis Towers Watson announced the launch of a new insurance product specifically designed to cover cybersecurity risks in the maritime sector. The objective of this product is to address the incomplete coverage of cyber risks in most traditional insurance policies and to respond to the growing number of cyber incidents affecting the maritime industry.

The policy reportedly covers several situations, including: crisis management in the event of ransomware attacks, data theft, incidents involving third parties, loss of connectivity following attacks on satellite communication links, as well as cases related to GDPR and the NIS Directive.

]]>Cyber threats in the maritime sector: have all scenarios really been considered?https://maritimeinfosec.org/cyber-threats-in-the-maritime-sector-have-all-scenarios-really-been-considered/Mon, 20 Apr 2020 14:44:21 +0000Olivier JACQhttps://maritimeinfosec.org/cyber-threats-in-the-maritime-sector-have-all-scenarios-really-been-considered/The Bordeaux-based maritime insurer Adam Assurances has published a study on cyber risks affecting the maritime sector (available here as a blog article and here in PDF format).

After recalling the digital transformation underway across the maritime industry and the growing dependency that accompanies it, the insurer reviews several cyber incidents that have already affected the sector (MSC, COSCO, Maersk, among others).

Building on the key findings of the CyRiM study (see this article from November 2019 discussing it, the report then examines the Shen Attack scenario described in that analysis. Applied to the maritime sector, the scenario estimates that a large-scale cyberattack could impact up to 15 ports in Asia.

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