Article archive

A sea change in connectivity

27/06/2019 07:08
Every day, more than 50,000 merchant ships cross the oceans with millions of cargo containers in tow, signalling the need for fast and efficient communications aboard vessels, and between land and sea. SatellitePro ME spoke to some prominent maritime solution providers to understand key...

Beazley breach insights - May 2019

25/05/2019 07:47
Ransomware attacks skyrocket, Q1 2019     Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reports a 105% increase in the number of ransomware attack notifications against clients compared to Q1...

Chronis Kapalidis: Cyber Security challenges for the shipping industry

08/05/2019 10:19
During the 2019 SAFETY4SEA London Conference, Mr. Chronis Kapalidis, Cyber Expert, Hudson Analytix, talked about cyber threats in shipping. He noted that cyber attacks are becoming more concerning and for this reason the industry must invest more in improving its cyber...

CFC 2018 cyber claims data

11/04/2019 07:49
Last year, we responded to over 1,000 cyber claims comprised of theft of funds, data breaches, ransomware & extortion, malware and more. Here are some of our observations from our look back at 2018:   Data breaches still pose a...

Maritime Cyber security survey results

06/04/2019 10:49
Near about 70% of senior maritime sector administrators in the US believe, the sector is prepared to respond to cyber attacks, whereas half of that number believes their own businesses are ready. Out of 126 senior maritime administrators polled in a survey by US-based law firm Jones Walker, only...

Beazley Breach Briefing - 2019 : Annual Report

05/04/2019 09:55
Beazley Breach Response Services publishes latest annual report Business email compromises (BEC) accounted for 24% of the overall number of incidents reported to Beazley Breach Response (BBR) Services in 2018, compared to 13% in 2017, according to a new report published today by Beazley. The latest...

Huge aluminium plants hit by 'severe' ransomware attack

20/03/2019 07:33
One of the world's biggest aluminium producers has switched to manual operations at some smelting plants following a "severe" ransomware attack. Hydro, which employs more than 35,000 people in 40 countries, says the attack began on Monday night and is ongoing. Some of the company's factories have...

CFC Underwriting: IP insurance guide

15/03/2019 07:06
As technology has revolutionized nearly every industry, and consumers are presented with more choice than ever before, IP has become one of the most critical assets for today’s modern businesses. The benefit of intellectual property rights enable a company to invest in...

Mandatory cyber insurance backed to improve incident response

01/03/2019 13:45
Making cyber insurance compulsory would help improve the way businesses respond to cyber attacks and data breaches, a cyber risk expert has said. Freya Ollerearnshaw of Pinsent Masons, the law firm behind Out-Law.com, said, though, that a benchmarking exercise would need to be conducted before...

Does your insurance policy cover your intellectual property?

28/02/2019 17:35
There can often be a disconnect between a company’s management of its IP risks and its other risks. It is rare for risk managers to become involved in evaluating and managing risks related to a company’s IP portfolio, so questions as to whether those risks should be retained, transferred or insured...
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