According to Britannia P&I Club a cyber fraud incident was reported, which resulted in an operator paying funds into a fake Britannia bank account.
While such cyber fraud incidents are not common, the Club requests operators to remain vigilant to potential cyber fraud.
We would like to remind Members that in almost all cases we bank with the Bank of New York in London and if any requests to change our bank details are received, these should be checked with your regular Britannia contact.
…the Club said on its website.
It comes as no surprise that cyber threat was identified as the top global business risk and a top three peril in most countries by Allianz risk barometer 2022, as well as one of the two main risks along with the environment by the World Economic Forum’s Global Risks Report 2022.
Overall, there are five stages for companies when a cyber incident occurs:
- Step 1: Prepare for incidents
- Step 2: Identify what’s happening
- Step 3: Resolve the incident
- Step 4: Report the incident to wider stakeholders
- Step 5: Learn from the incident
Regarding the cyber security, the European Union Agency for Cybersecurity (ENISA) says: “A key common factor…is how cyber security is positioned in the maritime sector. Cyber security is still mainly viewed as an IT problem. Isolating cybersecurity in the IT department and lack of appropriate reporting lines for cyber risk within the organization results in limitations in terms of responsibility, competences, approach, resources, budget, etc.”
What is more, following the escalation in cyber-attacks that has been observed since the outbreak of the war in Ukraine, European Maritime Safety Agency (EMSA) announced its close cooperation with the EU institutions’ Computer Emergency Response Team (CERT-EU). As the risk to EU institutions and bodies is considered significant, CERT-EU has asked all EU agencies to increase their overall level of awareness and alertness.
