BIMCO, Fairplay and ABS Advanced Solutions conducted a cyber security survey, which showed that while the number of cyber related attacks within the last 12 months has decreased, protective measures, training and awareness need to improve.
According to the survey, more than a fifth reported that they had been the victim of an attack. In addition, 72% of these mentioned that their own company was a victim of a cyber related incident in the last 12 months.
Moreover, 27% of respondents reported that they had never received cyber security training, and only about half of respondents have a business continuity plan in place, if they become a victim of a cyber security attack, while 31% of respondents had none.
What is more, 49% of respondents reported service disruption as the result of the attack and the incident caused financial loss for 25% of respondents. In addition, only 16% had the breach covered by insurance while 84% did not have the attack covered.
BIMCO’s Head of Maritime Technology and Regulation, Aron Frank Sorensen, stated:
The survey matters because it allows us to gather knowledge about cyber risks and attacks that would normally never be reported. We can use the result to further develop the cyber security guidelines and thereby help the industry to be more prepared and better protected in the future.