Growing marine industry digitalization brings with it increasing exposure to cyber risk. In response, ABS Consulting, an ABS Group subsidiary focused on safety and risk management, has joined forces with the American P&I Club to provide education, training and insurance guidance on maritime cybersecurity.
More frequent cyber attacks, increased digitalization and emerging global regulatory focus are adding to immediate demands to address and reduce cyber risk across the industry’s value chain. Cybersecurity has become a business imperative and new measures will have an impact on how maritime vessels and facilities will be covered by insurers.
“The safety and security of our members is a priority. Having a better understanding of the tools available, the programs that can be implemented and the integration of these in the marine industry will help us provide better services to shipowners and charterers globally,” says Dr. William Moore, Global Loss Prevention Director at the American Club. “The work we are going to do with ABS Consulting is going to help us identify how to enhance our policies, and the offerings we need to incorporate to improve the coverage and services we offer to our members.”
“Collaborating with the American Club to build education programs for their members and industry will give us a better understanding of the real challenges we are collectively facing,” says Ian Bramson, Global Head of Cyber Security of ABS Group. “This alliance enables us to develop the tools, training and services that support compliance and help ship owners and operators put protections in place to secure their vessels – from the design and construction phases through continuous operation over their service life.”