Cyber warning for shipping

Shipping still playing catch up with information security.

Insurance gaps leave shipping exposed to growing cyber threats

By Jonathan Saul and Carolyn Cohn

Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices.

Digitalization means electricity networks, emergency services, industry and agriculture are all vulnerable to hacking by criminal gangs for extortion or, for political reasons, by militant groups or foreign states.

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Source: reuters.com

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