Nowadays the greatest cyber threat lies in the maritime industry. The COVID-19 pandemic sped up the already occurring digitization of the world.
A series of systems such as AIS ECDIS and computers onboard vessels are extremely complicated and vulnerable to cyber-attacks which can lead to significant delays, the economic damage of millions of dollars as well as a political and social crisis.
Given the critical risk of Cyber incidents facing businesses today, Manos Sofronis (CEO, Oneglobal Greece/Cyprus), George Tsavliris (Non-Executive Chairman, Oneglobal Greece/Cyprus) under the auspices of Oneglobal Broking invited senior executives of Greek shipping companies to a brainstorming session at the Athens Club for updating in the latest cybersecurity and insurance developments.
In this framework Cyber Security professional Peter Hacker, CEO of Distinction Global, reported on the latest updates on Cybersecurity and Cyber Insurance : vulnerabilities, developments and solutions to help protect against this malicious risk.
A leading expert in digital change, cybercrime and cybersecurity, Peter Hacker has given 250 keynote speeches in 90 countries including the United Nations – providing valuable insights and solutions, helping organizations to stay ahead of this risk.
Mr Hacker that an insurance contract for cybersecurity covers liabilities, revenue losses, and restoration costs. The insured has to discuss with its insurance broker to structure a solution fit for the shipping company’s needs.
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