The Steamship Authority, Massachusetts' largest ferry service, was hit by a ransomware attack on Wednesday which led to ticketing and reservation disruptions.
Maritime Cyber Insurance
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Maritime Cyber Risk
Maritime Cyber Risk refers to a measure of the extent to which a technology asset could be threatened by a potential circumstance or event, which may result in shipping-related operational, safety, or security failures as a consequence of information or systems being corrupted, lost, or compromised.
Cyber risk management means the process of identifying, analysing, assessing, and communicating a cyber-related risk and accepting, avoiding, transferring, or mitigating it to an acceptable level, considering costs and benefits of actions taken to stakeholders.
Maersk: Ransomware Incident Business Impact
Cyber Insurance is not a standalone solution but part of the Comprehensive Cyber Security Strategy
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Cyber attacks make no favours. No industry is exempted!
The Coveware Quarterly Ransomware Report describes ransomware incident response trends during Q3 of 2020. Ransomware groups continue to leverage data exfiltration as a tactic, though trust that stolen data will be deleted is eroding as defaults become more frequent when exfiltrated data is made public despite the victim paying. In Q3, Coveware saw...
Maritime Cyber Insurance
