Last week's maritime trend news November 3, 2022 - November 9, 2022
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Maritime Cybersecurity News by DSLABcompany |
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Recent Cybersecurity Incident Summary |
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Amid this uncertainty, the only certain thing is that business leaders can plan ahead better by understanding the trends that may affect innovation in the next few years. What are the tech trends that are expected to shape the near future of the maritime industry? A new alalysis by the McKinsey Technology Council identified 14 of the most significant technology trends unfolding today that are expected to revolutionize operations in a wide range of sectors. SAFETY4SEA picked the most relevant ones to the shipping, oil and gas, and the logistics sector, presenting their potential impact on these sectors
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A consortium of organisations in Singapore is collaborating to improve shipboard operational technology(OT) cyber security This group will build the maritime shipboard OT(MariOT) testbed to support a host of cyber-security activities. Class society ABS, iTrust, Center for Research in Cyber Security at the Singapore University of Technology and Design(SUTD) and Singapore Polytechnic's Centre of Excellence in Maritime Safety(CEMS) are members of the consortium. The MariOT testbed will be the world's first industrial-grade, cyber-physical platform, combining essential shipboard OT systems with virtual simulation models to help the shipping industry meet the challenges in implementing enhanced and cyber-secure OT on ships as the maritime sector pushes towards digitalisation. |
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The Suez Canal's status as a major crossing point in shipping makes it a prime target for hackers intent on causing chaos similar to that of Ever Given's grounding in the waterway in March 2021. The Great Disconnect, a report produced by maritime research firm Thetius, maritime cyber risk management specialist CyberOwl and law firm Holman Fenwick Willan, said that it is possible for hackers to penetrate a ship's navigation system and create havoc as the vessel passes major chokepoints, such as the Straits of Hormuz and the Straits of Malacca. |
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IMO's Maritime Safety Committee(MSC) expects to make further progress on developing regulations for operating maritime autonomous surface ships(MASS) this month. This key international committee will be sitting in London, UK, 2-11 November to discuss safety initiatives, regulations and guidance. As part of this MSC 106 will review the progress made on developing a goal-based instrument refulating the operation of autonomous ships. This comes as more projects are coming forward, especially in Norway, for building and operating unmanned vessels for shortsea voyages. Three fo these projects are either underway or in advanced stages of planning, while other major steps in deploying MASS are on the horizon. |
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The US Marine Transportation System(MTS) continues to be targeted by typosquatting campaigns operated by cyber criminals, and USCG provides recommendations to prevents such issues. Malicious cyber actors continue to spoof U.S. port facility domains using typosquatting techniques in attempts to re-direct users to malicious websites that have similar domain names. Malicious cyber actors are not directly targeting port facilities, rather, they are targeting individuals who incorrectly type a website address. Misspellings of several U.S. port facility domains have recently been registered, likely for malicious purposes. These events have been analyzed and investigated, and the following are recommendations for MTS stakeholders |
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Through the unprecedented rise in digitalisation across most sectors, cyber criminals now have more avenues of attack. The attacks are also becoming increasingly diverse, with ransomware, malware, viruses and hacks gaining popularity while at the same time cyberspaces are becoming more vulnerable to outside threats, be it from hacking groups or governments. At the end of 2020, ransomware attacks were up by 170% compared to the beginning of 2019 and average ransomware costs globally up 145% in 2021 compared to 2020 as reported in the Howden "Cyber Insurance: A Hard Reset" whitepaper The data doesn't lie, cyberattacks are on the way up with no sign of slowing down, and in response, the cyber insurance market has hot up in price as well. In fact, the rates in this sector were up by 30% in 2021 due to an increase in the number of claims which led to lower profit margins. |
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