The shipping industry may need to reevaluate its legal framework regarding cyber attacks in the wake of a recent breach, which caused a major breakdown at the company. The International Maritime Organization (IMO) has a specific cyber risk protocol for accepting voluntary guidelines and ensuring that they are capable of being implemented.
"While the IMO has been looking at cyber security, in 2016 only voluntary guidelines were agreed to, not mandatory. There is a very short window for the sector to create voluntary guidelines and demonstrate it is sufficient to address the risk or it will only be a matter of time before new legislative and regulatory mandates are handed down," said Senior Policy Advisor Norma Krayem.
Ms. Krayem also stressed that this recent breach should serve as an immediate wake-up call to the maritime industry.
"Ultimately, it remains to be seen if a new legal framework is needed, however, risk and security have always been part of the maritime regime, it may be that the sector does not understand the risk enough to see that existing legal frameworks may be flexible enough to cover cyber as well," she added.
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