With the emergence of the digitised systems such as VDR (Voyage Data Recording), AIS (Automatic Identification System), and ECDIS (Electronic Chart Display and Information System), the maritime sector has become more vulnerable to cyber attacks.
21st Century Threats
These systems on their own are not equipped to meet the threats of the 21st century. Each of these essential systems can present easy access to an attacker, with potentially devastating consequences.
What was traditionally an attempt to obtain sensitive data has transformed into highly sophisticated and complex attacks that attempt to inflict damage to property and operations. Aside from any commercial or reputation damage, the insurance sector is becoming more aware of the cyber security threat.
The Institute Cyber Attack Exclusion Clause
The Cyber Attack Exclusion Clause (CL 380) 10/11/2003 has appeared on marine policies for the past 10 years.
It excludes any loss, damage, or liability caused either directly or indirectly by the use of a computer and its associated systems and software as a means of inflicting harm.
Furthermore, in 2017 the IMO issued resolution MSC.428(98) Maritime Cyber Risk Management in Safety Management Systems. This takes effect in 2021 encourages administrations to ensure that cyber risks are appropriately addressed in existing safety management systems as defined in the ISM code.
Angel helps the maritime sector to comply with these upcoming steps that are designed to keep shipping cyber secure. Angel also presents maritime insurers with evidence that your ships have advanced cyber protection which can lower your insurance premiums.