A very modern form of piracy: cybercrime against the shipping industry – Part 1: Rapidly developing risks
Cyber-attacks pose a serious threat to corporations generally and those involved in shipping are no exception. The Cyber Risk team at Clyde & Co has worked on over 3,000 data breaches and cyber incidents including a number of the largest, most high profile incidents globally to date. Although these cases and incidents have encompassed the full range of global business interests, Clyde & Co is particularly well placed to understand and assist in relation to the sharply increasing cybercrime risks posed to the shipping industry.
This is the first in a series of four articles that will consider some of the key issues surrounding the threats posed to the shipping industry and highlight some of the most important steps that can be taken to mitigate that risk. This first article will consider examples of the risks and vulnerabilities that particularly affect the shipping industry as well as highlighting the importance of reacting to developments in market knowledge by reference to contract of carriage claims.
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