News

Most large maritime companies have been cyberattack targets, survey says

15/09/2019 08:25
Almost 80% of large U.S. maritime industry companies (more than 400 employees) reported that cyberattackers targeted their companies within the past year, according to a maritime cybersecurity survey...

AIG Will Finalize Transition to Affirmative Cyber Coverage in January 2020

11/09/2019 07:17
American International Group said it is finalizing a transition to affirmative cyber coverage across its global commercial lines. As of January 2020, AIG said that virtually all of its commercial...

Cyber Security Incident Response Guide

14/08/2019 10:42
This Guide aims to draw attention to the importance of planning how to manage a cyber security incident ahead of time.  Cyber security incident management is not a linear...

Cyber, cyber everywhere. Is your cyber strategy everywhere too?

10/08/2019 23:53
Organizations are embedding connected digital technologies in their information technologies, operational technologies, and end products, making cyber a top organizational priority. Innovating fast...

The Greek Data Protection Authority issues a GDPR fine against PWC

03/08/2019 09:12
PWC was challenged for the unlawful processing of their employees' data The Greek Data Protection Authority issued a fine of € 150,000 against PWC under the GDPR for unlawful processing of the...

Cyber Claims: GDPR and business email compromise drive greater frequencies

25/07/2019 08:08
Business email compromise (BEC) has overtaken ransomware and data breach by hackers as the main driver of AIG EMEA cyber claims, according to the latest cyber claims...

5 cybersecurity lessons shipping should learn from other industries

10/07/2019 22:15
CyberOwl has engaged with over 50 shipping owners, operators and equipment manufacturers in the last 12 months. More is being done on vessel cyber-physical security than is publicly evident....

Cyber Risks Are Jeopardizing M&A Deals

29/06/2019 12:10
Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than...

A sea change in connectivity

27/06/2019 07:08
Every day, more than 50,000 merchant ships cross the oceans with millions of cargo containers in tow, signalling the need for fast and efficient communications aboard vessels, and between land and...

Beazley breach insights - May 2019

25/05/2019 07:47
Ransomware attacks skyrocket, Q1 2019     Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which...

Chronis Kapalidis: Cyber Security challenges for the shipping industry

08/05/2019 10:19
During the 2019 SAFETY4SEA London Conference, Mr. Chronis Kapalidis, Cyber Expert, Hudson Analytix, talked about cyber threats in shipping. He noted that cyber attacks are becoming more...

CFC 2018 cyber claims data

11/04/2019 07:49
Last year, we responded to over 1,000 cyber claims comprised of theft of funds, data breaches, ransomware & extortion, malware and more. Here are some of...

Maritime Cyber security survey results

06/04/2019 10:49
Near about 70% of senior maritime sector administrators in the US believe, the sector is prepared to respond to cyber attacks, whereas half of that number believes their own businesses are ready....

Beazley Breach Briefing - 2019 : Annual Report

05/04/2019 09:55
Beazley Breach Response Services publishes latest annual report Business email compromises (BEC) accounted for 24% of the overall number of incidents reported to Beazley Breach Response (BBR)...

Huge aluminium plants hit by 'severe' ransomware attack

20/03/2019 07:33
One of the world's biggest aluminium producers has switched to manual operations at some smelting plants following a "severe" ransomware attack. Hydro, which employs more than 35,000 people in 40...

CFC Underwriting: IP insurance guide

15/03/2019 07:06
As technology has revolutionized nearly every industry, and consumers are presented with more choice than ever before, IP has become one of the most critical assets for today’s modern...

Mandatory cyber insurance backed to improve incident response

01/03/2019 13:45
Making cyber insurance compulsory would help improve the way businesses respond to cyber attacks and data breaches, a cyber risk expert has said. Freya Ollerearnshaw of Pinsent Masons, the law firm...

Does your insurance policy cover your intellectual property?

28/02/2019 17:35
There can often be a disconnect between a company’s management of its IP risks and its other risks. It is rare for risk managers to become involved in evaluating and managing risks related to a...

How cyber insurance can protect against the new ‘sextortion’ threat

27/02/2019 08:06
A new cyber risk has been threatening companies in recent months, playing into the fears of business owners and employees and trying to blackmail them out of money. International specialist...

DLA Piper GDPR data breach survey: February 2019

25/02/2019 11:24
On 25 May 2018 new data breach notification laws came into force across Europe which fundamentally changed the risk profile for organizations suffering a personal data breach. Under the EU General...
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