Growing cyber risk means owners should get ready for more regulation

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The noise around cybersecurity in shipping is growing and owners need to make informed choices, writes Angeliki Zisimatou, Director, Cybersecurity, ABS

Cyber incidents in maritime are increasing in number and sophistication, with new forms of connectivity and new digital technologies creating additional risk for an industry that for a long time felt insulated from direct, targeted cyber attacks.

To address these risks, the industry has seen the implementation of various regulations driven by industry-led initiatives, but a global unified standard has yet to be developed. Shipowners must address recent regulations while keeping an eye on the horizon for the development of a more substantial regulatory framework.

New Unified Requirements from IACS covering ships and systems, new rules from the US Coast Guard covering US flagged vessels, guidelines from EMSA and BIMCO are all in place or coming soon. Since the introduction of provisions in the ISM Code, the International Maritime Organization has kept an eye on cybersecurity and will focus on the topic as a discussion item again in the near future.

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