Last month maritime trend news August 01, 2023 - August 31, 2023
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Maritime Cybersecurity News by DSLABcompany |
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Commentary
Navigating Cybersecurity's Seas: Environmental Regulations, OT & the Maritime Industry's New Challenges
The International Maritime Organization (IMO) introduced the Energy Efficiency Design Index (EEDI) in 2011 to reduce CO2 emissions from shipping. In 2023, the IMO established the Energy Efficiency Existing Ship Index (EEXI) to assess the efficiency of existing vessels. Additionally, in 2021, the European Commission (EC) adopted Fit for 55, aiming to reduce net greenhouse gas emissions by 55% by 2030. These regulations prioritize increasing vessel efficiency to achieve environmental sustainability yet raise concerns about operational technology (OT) cybersecurity in the maritime industry. |
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ProceedingsThe Coast Guard Must Take the Lead on MTS Cybersecurity
Today, cyberattacks are escalating in number and severity. The risks are especially grave for critical infrastructure. The attack on the Colonial Pipeline in May 2021, for example highlighted the inextricable link between U.S. critical infrastructure and national interests. A disruption to or destruction of any portion of U.S. energy infrastructure would have debilitating effects. However, the energy sector is not unique. That same year, the transportation sector had more than twice as many cybersecurity incidents as in 2020. |
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Earlier this year, the FBI released a report showing that a record $10 billion had been stolen from Americans via online fraud in 2022. In May, Microsoft reported increased cyber-threat activity from a Chinese-sponsored “threat actor” it called Volt Typhoon, targeting critical military and transportation infrastructure—including maritime infrastructure.
More recently, Inland Rivers, Ports and Terminals reported that “the maritime transportation sector has seen a very sudden rise in the number of phishing emails making it through security filters.”
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News14th Annual Maritime Risk Symposium to be Held Nov. 14-16 at SUNY Maritime
The 2023 Maritime Risk Symposium (MRS) will be held Nov. 14-16, 2023, as an in-person event, hosted by Maritime College, State University of New York (SUNY) at the Maritime Academic Center. The theme of the 14th annual event is “Managing Impacts of Supply Chain Disruptors, Renewable Energy, Emerging Technology on the Maritime Transportation System (MTS)” with a focus on offshore infrastructure risk and disruptors.
This international event has previously focused on various elements of risk including choke points, maritime cyber security, and resilience. MRS 2023 will bring together academics, government, and commercial entities to discuss the emerging offshore energy industry and its threats, challenges and risks to the Maritime Transportation System. With a focus on the articulation of current and future marine transportation challenges and threats, the symposium will help frame issues that impact the implementation and operationalization of a sound marine transportation strategy. The symposium will assess threats and recent advancements in research to inspire ideas for innovative research that will help define offshore energy infrastructure safe working parameters to the maritime transportation system. |
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WILMINGTON, DELAWARE, U.S., August 28, 2023/EINPresswire.com/ -- The Maritime Transportation System Information Sharing and Analysis Center (MTS-ISAC) announced that their 5th annual Maritime Cybersecurity Summit, is now scheduled for November 13-15 in Miami. At the request of stakeholders, a third training day was incorporated into the event to focus on cybersecurity practices needed for safe, secure, and resilient supply chain operations.
This year’s in-person only event will address current cybersecurity challenges and equip maritime critical infrastructure stakeholders with information on strategies, processes, and tools for protecting existing and emerging technologies. Similar to the previous summits, the 2023 Maritime Cybersecurity Summit will offer two distinct tracks for attendees, one for non-technical business leaders and a technical cybersecurity track, along with many opportunities for networking with peers.
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Pick your industry and you will quickly conclude that cyber-attacks on their systems are an empirical threat to commercial and industrial operations. Cyber risk now slices through almost every type of business activity, and the maritime industry is no exception. According to U.S. Coast Guard Cyber Command statistics, maritime cyber incidents increased 68% in 2021 alone.
Cyber-insecurity not only poses increased risks to maritime operations but also to general planning, which more and more has begun to rely on cyber insurance for predictable outcomes. According to BlackBerry, about 60% of businesses surveyed said they would actually reconsider making an agreement with a vendor if they learned that a vendor lacked comprehensive cyber-risk coverage.
Yet acquiring cyber insurance isn’t as easy as it was a few years ago. Cyber premiums have soared as attacks have increased, with U.S. costs increasing over 50% from 2021 to 2022. AM Best reported that cybersecurity premiums collected reached $7.2 billion in 2022, indicating that losses from cybersecurity incidents have had a similar upward spiral.
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