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Home»Maritime»Growing cyber risk means owners should get ready for more regulation
Maritime

Growing cyber risk means owners should get ready for more regulation

December 31, 2024
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The Growing Importance of Cybersecurity in the Shipping Industry

By Angeliki Zisimatou, Director, Cybersecurity, ABS

In recent years, the maritime industry has witnessed a surge in cyber incidents, highlighting the growing threat posed by cyber attacks. With the advent of new technologies and increased connectivity on ships, the industry is now more vulnerable to targeted cyber threats than ever before.

As a response to these risks, various regulations and guidelines have been introduced to address cybersecurity in shipping. However, a unified global standard is yet to be established, leaving shipowners to navigate through a complex regulatory landscape.

The Regulatory Landscape

Regulations such as the Unified Requirements from IACS, rules from the US Coast Guard, and guidelines from EMSA and BIMCO are already in place or on the horizon. The International Maritime Organization has also been actively monitoring cybersecurity and is expected to further discuss the topic in the near future.

Despite these regulations, the industry remains divided in its approach to cybersecurity, with larger operators investing heavily in cybersecurity measures, while smaller operators lag behind in terms of preparedness.

Challenges and Solutions

One of the key challenges for ship operators is the need for a risk-based approach to cybersecurity, as opposed to prescriptive regulations that may not adequately address evolving threats. Effective cybersecurity requires a deep understanding of risks, asset vulnerabilities, and mitigation strategies.

Another critical aspect is the human factor, with crew training playing a pivotal role in mitigating cybersecurity risks. Lack of awareness among crew members can expose vessels to vulnerabilities that can be exploited by malicious actors.

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Shipowners must also consider the cybersecurity implications of new technologies such as machine learning, blockchain, and digital twins, which bring new opportunities but also new risks that need to be carefully evaluated.

Class Role in Cybersecurity

Classification societies like ABS play a crucial role in providing impartial advice and guidance on cybersecurity. ABS has been at the forefront of issuing cybersecurity notations for vessels and continues to update its standards to meet the evolving cybersecurity landscape.

As the industry moves towards greater digitization and connectivity, the role of class in defending against cyber threats becomes increasingly important. By collaborating and sharing information, the industry can collectively strengthen its cybersecurity defenses and mitigate the risks posed by cyber attacks.

It is imperative for ship operators to go beyond regulatory compliance and invest in additional cybersecurity measures to safeguard their assets and operations. Cyber incidents may be inevitable, but with the right approach and support from class, the shipping industry can navigate the cybersecurity challenges ahead.

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