The UK P&I Club has compiled a bulletin answering to questions about cyber risks in the shipping industry in relation to P&I insurance. Considering that a cyber-attack could catastrophically impact the safe navigation of a vessel, maritime cyber risks come within the scope of P&I in case these arise from the operation of a ship.
As with computers ashore, shipboard systems are vulnerable to cyber-attacks, the Club notes. Even a simple mobile phone charging process using a USB port in the ECDIS system can cause a virus to render a system inoperable.
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A maritime cyber risk can be defined according to the IMO Interim Guidelines on Cyber Risk Management as “the extent to which a technology asset is 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.”
The Club explains which cyber risks are excluded from the P&I cover and what happens with the electronic Bills of Lading and P&I War risks.
Find out more herebelow
