Affirmative cyber policies vital for maritime sector

In the shipping industry, a cyber incident has the potential to reroute vessels and disrupt supply chains critical for world trade. But, there are hidden protection gaps associated with cyber risk which could be targeted by sophisticated hackers.

"Nation states are not claiming public responsibility as it would result in further political tensions". Rehan Hussain, deputy manager cyber at Allianz.

• Hackers may target cyber protection gaps
• Hull policies typically exclude cyber coverage
• Difficult to pin-point the nation state or responsible party
• Cyber attacks may lead to more intangible losses

The world’s growing reliance on technology and interconnectivity has made business increasingly vulnerable to cyber attacks. The maritime industry is no exception, says Rehan Hussain, deputy manager cyber at Allianz, as cyber risk poses a threat to all areas of shipping from shore-based offices, targeted by hackers, to the disruption of supply chains that support world trade.