Marine insurers should be "creative and resourceful" in helping the logistics industry defend itself against the growing threat of cyber attacks, according to the International Union of Marine Insurance (IUMI). The insurance sector is facing a number of threats from hackers who are targeting its systems with ransomware, which can lock out customers for months or even years.
Marine insurers should be "creative and resourceful" in helping the logistics industry defend itself against the growing threat of cyber attacks, according to the International Union of Marine Insurance (IUMI). In a newsletter, IUMI president Dieter Berg said "digitalisation, smart ports, intelligent containers and autonomously navigating vessels" were going to change the entire transport and shipping industry, and warned the inherent vulnerabilities of an ever more connected industry would be exploited.