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North P&I partners with Hudson Analytix on cyber awareness

Global marine insurer North P&I Club is collaborating with risk management company Hudson Analytix – Cyber to encourage a better understanding among its maritime members of their vulnerability to cyber-risk and to assist in improving their cyber security processes and systems.

{mprestriction ids="1,2"}Through this new collaboration agreement, North P&I members will get preferential access to HACyberLogix, Hudson Analytix’s risk evaluation platform used to assess policies, processes and technologies that contribute to a company’s cybersecurity posture across 12 different areas.

“Awareness of the cyber-risks faced by shipowners have been heightened by the WannaCry and NotPetya attacks, which brought home the vulnerabilities within the marine transportation sector. The consequences of such attacks can be highly damaging in terms of business disruption, financial cost and reputational damage,” said Colin Gillespie, deputy director (loss prevention), at North P&I Club.

“North P&I Club is committed to providing the highest levels of service and innovative new solutions to help our members meet the challenges they face. Naturally, this includes the evolving threat of cyber-attack. The risks are real and both regulators and commercial partners are expecting to see ship owners develop cyber risk management systems.”

“Shipping companies should be acting now to assess their risks. Our partnership with HA - Cyber should assist ship owners to understand their cyber risk profile and direct resources where they are most needed.”

As well as encouraging greater awareness of shipping’s cyber-risks and the importance of assessing cyber security capabilities, North P&I Club hopes that members will ultimately gain significant benefits in avoiding the risks and costs of claims associated with cyber-breaches.{/mprestriction}

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