Putting the theory into practice


Toby Savage and Hugh Thomas, of RPC, look at the risks as automated vessels go from a sci-fi theory to reality

The high-profile cyber attack on AP Moller-Maersk last year was an eye opener for the shipping industry. Maersk estimate that the Petya/NotPetya ransomware attack cost them in the region of US$300 million in lost revenue due to the disruption to its booking systems. The event will have provided pause for thought for risk managers and insurers alike as they consider the extent to which their existing insurance frameworks provide adequate cover for such a cyber breach.