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Home / Insurance / Cyber ​​attacks pose a threat to global shipping: Report

Cyber ​​attacks pose a threat to global shipping: Report



The crippling ransomware attack on the US Colonial Pipeline in May should be a wake-up call for the shipping industry, according to a report published on Tuesday by Allianz Global Corporate & Specialty SE.

Not only did the attack reveal weaknesses in cyber security, but it also highlighted how critical infrastructure is attractive to cybercriminals and nation states, the AGCS, a unit of Allianz SE, said in the report.

Shipping and logistics companies saw three times as many ransomware attacks in 2020 as in 2019, according to the security service provider BlueVoyant, cited in the report.

An increase in malware, ransomware and phishing e-mails during the pandemic helped increase 400% of attempts at cyberattacks against shipping companies in the first months of 2020, the AGCS said.

To date, most cyber incidents in the shipping industry have been land-based, including ransomware and malware attacks on shipping companies and ports, AGC S. said.

But the threat to ships is growing as more ships are connected to land systems for navigation and performance management, says AGCS. A targeted attack by a nation-state group on shipping could cause major damage and disrupt trade, for example by blocking a major shipping lane, the report said.

Cyber ​​threats can affect all aspects of the supply chain, said Captain Andrew Kinsey, senior marine risk consultant at AGCS during an interview with Business Insurance .

A cyber attack can easily infiltrate all aspects of a maritime operation, but if it is specifically targeted, it can go after the ship's operating system, said Captain Kinsey. “So far, we have been lucky that ships have not been actively targeted. It can change in literally a keystroke, ”he said.

While the blockade of the Suez Canal by the extremely large Ever Given container ship in March was an accident, it showed the disturbance could cause a temporary loss of propulsion or a steering error, the AGCS said in the report.

The Ever Ever incident caused huge delays, affecting an estimated $ 9.6 billion in goods each day, or about 1

2% of total world trade, the AGCS said.

Approximately 49 total ship losses were reported globally in 2020, the second lowest overall in this century and a 50% decrease over ten years, the AGCS said. The number of shipping incidents decreased from 2,818 in 2019 to 2,703 in 2020.

However, the number of fires / explosions that resulted in total losses hit four years in 10 in 2020. Container losses also increased, with more than 3,000 containers lost at sea in 2020, and over 1,000 will fall overboard in the first months of 2021, the report said. Catalog

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