Ports and terminals have faced significant cyber threats, highlighted by incidents such as ransomware attacks that disrupted global operations in 2023. The intricate systems supporting port efficiency, from cargo tracking to customs processing, are vulnerable to cybercriminal activities that can halt operations and compromise sensitive data. In response to these challenges, new cybersecurity regulations were implemented early in 2024, emphasizing the need for enhanced risk management. As such, specialized cyber insurance is increasingly seen as essential for mitigating potential financial repercussions from digital threats in the maritime sector.
Source and Details